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Inflation in Iran’s production sector amounts to 49.4%

Business Materials 18 November 2019 10:38 (UTC +04:00)

BAKU, Azerbaijan, Nov. 18

By Elnur Baghishov - Trend:

Inflation in Iran’s production sector amounted to 49.4 percent this summer compared to last summer, Trend reports referring to the Iranian Statistical Center.

This is while prices for products and services by manufacturers increased by 49.9 percent this summer in Iran compared to spring, the report said.

Regarding annual inflation, by the end of summer, the producer price index has grown by 59.9 percent compared to the end of summer last year. At the same time, there was a 1.3-percent increase in inflation this summer compared to spring.

The lowest annual inflation has been observed in the electrical sector (-3.5 percent) and the highest in the industrial sector (77 percent) for the last several years in Iran.

Importance index

Index this summer

Change in percent

This summer

Last summer

Compared to this spring

Compared to same season last year

Compared to last spring

Compared to same season in previous year

Total index

100

477.5

1.3

49.4

15.0

39.7

Agriculture

13.15

516

-4.7

46.6

19.2

43.5

Mining sector

1.02

491.4

3.5

51.4

12.4

46.2

Industrial sector

51.47

546.4

0.2

60.5

17.7

52.8

Electric production sector

2.02

134.3

22

-1.4

2.3

3.5

Services sector

32.34

373.1

7.3

30.9

8.7

19.7

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