Industrial PPI at 37% in Q3

EghtesadOnline: The average Producer Price Index of the industrial sector in the four-quarter period ending Dec. 20 grew by 37.4% compared with the same period of last year.

News ID: ۷۸۵۹۶۵

09 February 2021

The sector’s PPI for the four-quarter period to Sept. 21, which marked the end of Q2 of the current Iranian year, had increased by 23.9%.

The lowest average annual PPI inflation was recorded by “production of coke and petroleum refineries’ byproducts” with 4.6% and the highest increase was registered for “manufacture of other transportation equipment” with 108.8%, “production of base metals” with 83.9%, “furniture production” with 54.4% and “manufacture of electricity generating equipment” with 53.8%, the Statistical Center of Iran reported.

The overall Producer Price Index of the industrial sector (using the Iranian year ending March 2017 as the new base year) stood at 433.1 in the third quarter of the current year (Sept. 22-Dec. 20, 2020), indicating a 21.8% increase compared with the previous quarter and a 77.3% growth over the same quarter of the year before.

The sector’s quarterly and year-on-year PPI for the quarter to Sept. 21, which marked the end of Q2 of the current Iranian year, had increased by 31.7% and 46.1% (using the new base year), respectively.

According to the Statistical Center of Iran, the lowest quarter-on-quarter PPI inflation rates for fall were recorded for “print and publication of recorded media” with 5.4%, “production of tobacco and cigarettes” subsector with 6.9% in Q3.

The highest PPI were posted for products made from wood, cork and straw with 37.3%, chemicals with 37.1%, paper and paper products with 27.2%, textile with 26.4% and rubber and plastic products with 26.3%.

The lowest year-on-year PPI inflation rate for Q3 was registered for “production of tobacco and cigarettes” subsector with 22.9% and “print and publication of recorded media” with 26.9% while the highest increase was posted by “manufacture of other transportation equipment” with 176.2%, “production of base metals” with 139%, “chemicals” with 108.8%%, “production of electricity generating equipment” with 93.7% and “rubber and plastic products” with 90.6% compared with the same quarter of last year.