The sector’s average PPI for the four-quarter period ending June 21, end of Q1, had increased by 58.9% year-on-year.
Annual producer inflation of “iron ore extraction” subsector in Q2 was 71.9% and those of “extraction of metal ores” and “extraction of other mines” subsectors were 65.4% and 34%, respectively.
The overall PPI of mining sector (using 2011 as the base year) stood at 491.4 in Q2, indicating a 3.5% increase compared with the previous quarter and a 51.4% growth over the same quarter of last year, Financial Tribune reported.
Quarterly producer inflation of “iron ore extraction” subsector was -1.3% and those of “extraction of metal ores” and “extraction of other mines” subsectors were 3.5% and 5.9%, respectively.
Year-on-year producer inflation of “iron ore extraction” subsector was 91.6% and those of “extraction of metal ores” and “extraction of other mines” subsectors were 51.8% and 38.4%, respectively.