Page 21 - IRANRptSep21

Inflation in Iran to grow 30.5% in 2020, says IMF
4.2.2 PPI dynamics
Iran’s autumn PPI turns negative for first time in four years
PMI for Iran falls into contraction territory
Iran’s producer price inflation (PPI) stood at -2.3% in the autumn period (September-December), marking the first negative reading for four years, the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced on February 1.
According to the data—compiled by the Statistical Center of Iran (SCI)—the lowest figure was recorded for the coal industry and oil refineries (-10.7%). Next were paper and paper products (-4.6%) and petrochemicals (-2%).
The highest inflation rates in industry were for office and computing appliances (26.6%), garment production, processing, and dying (9.5%) and transportation equipment production (7.8%).
A purchasing managers’ index (PMI) provided by the Iran Chamber gives the Islamic Republic a reading of 45.79 in the fifth Persian calendar month (ended August 22) compared to 50.07 in the preceding month and
21 IRAN Country Report September 2021 www.intellinews.com