Quarterly producer price inflation for services reached 16.9 percent in spring 1405
Aug 1, 2026
According to a report published on Saturday 1 August 2026 based on producer price index data, the producer price index for the services sector rose 16.9 percent in spring 1405 (the quarter ending 21 June 2026) compared with the winter of 1404. Quarterly inflation for the sector had been estimated at 11.7 percent in winter 1404.
Year on year producer price inflation for services in spring 1405 was calculated at 58 percent against the spring of 1404, higher than the 49.7 percent recorded in winter 1404. Producer inflation over the twelve months ending in spring 1405 was reported at 49.3 percent, an increase of 4.8 percentage points on the comparable period ending in winter 1404.
Among the components of the services sector, repair of motor vehicles and motorcycles recorded the highest quarterly inflation at 33.3 percent, followed by arts, entertainment and recreation at 32.1 percent and human health and social work activities at 27.7 percent. The lowest quarterly rates were in water supply, waste and sewage management at 0.2 percent, education at 1.3 percent and real estate activities at 7.6 percent. Services are the largest part of Iran's economy by share of value added, and producer inflation typically passes through to consumer inflation with a lag.
Media
Iran inflation reporting; the services producer price index data for spring 1405 was published on 1 August 2026
Source: اقتصاد آنلاین
Source
اکوایران
Related news
Power curbs on industrial estates cut from two days to one day a week, with full removal expected within three to four weeks
Mostafa Rajabi Mashhadi, deputy energy minister for electricity, said on Saturday, 1 August 2026 (10 Mordad 1405), that since the middle of last week power curbs on industrial estates have been reduced from two days to one day a week, and that the restriction barring steel plants (slab production) from operating on the night shift has been lifted. He said that with arrangements made for some industries such as cement and rolling mills to move to night working, power restrictions are expected to be removed entirely within the next three to four weeks. Rajabi Mashhadi added that private operators account for more than 60 percent of the country's electricity generation and for all maintenance work on transmission lines and substations, and that the "green and free power board" has created a market with firm demand for electricity from thermal and renewable plants. Summer power rationing weighs every year on output at energy-intensive industries including steel, cement and rolling, so easing it matters for the listed companies in those groups.
شانا · Aug 1, 2026
A commercial duty discount of up to 15 percent is now in force for goods entering the Imam Khomeini Airport City free zone
Mehdi Zoghi, manager of the Imam Khomeini Airport City free zone, said on Saturday 1 August 2026 that a commercial duty discount of up to 15 percent is now in force for commercial goods brought into the zone. He said the arrangement has been running since the start of the current Iranian year, in cooperation with the secretariat of the Supreme Council of Free Zones and the relevant ministry. He added that, following enquiries with the legal department of the Ministry of Economic Affairs and Finance, the discount also covers strategic goods including cars and mobile phones. Zoghi said the zone, as the only free zone serving the capital, has been able to cut the landed cost for traders and businesses compared with mainland customs offices by using the legal tools available to it, such as tax exemptions, warehousing discounts and the reduction in commercial duty.
خبرگزاری مهر · Aug 1, 2026
Aref says the government is ready to hand part of its market authority to the trade guilds
Mohammad Reza Aref, Iran's First Vice President, told managers of the Tehran Chamber of Guilds that the government is ready to hand its market powers over to the trade unions and guilds, and that much of the work, including market supervision, should be done with the guilds themselves taking part. The remarks were published on Saturday 1 August 2026. He said that if the unions recover their proper standing they can play a more effective role in dealing with violations, in regulating the market and even in setting guild taxes, which would reduce the need for broad intervention by supervisory bodies. Aref said the government is ready to form joint working groups on the guilds' problems, including tax matters, and that tax should be levied in proportion to each business's production conditions and income while tax evasion is pursued. He described the government's strategy over the past two years as securing people's livelihoods, creating relative stability in the market and taming inflation, and said the same approach will continue over the next two years. He also called for firm action against overpricing, hoarding and short weighting, with the guilds alongside the government.
اقتصاد آنلاین · Aug 1, 2026
Bank Melli Iran waives late payment penalties from its system outage and extends some loan maturities
Bank Melli Iran has put in place a package of measures, approved by its board, to make up for the effects of the outage in its banking systems between 23 Khordad and 23 Tir 1405 (13 June to 14 July 2026). Customers who could not pay instalments during that period will be exempt from the late payment charge, covering both interest for the period of delay and the penalty for late settlement, and will pay only the principal of the instalment, provided the overdue amount is no more than one month and no more than two instalments behind and is paid by the end of Mordad 1405 (22 August 2026). If those instalments are not paid by the end of Mordad, the late payment charge for the whole period of delay will be collected under the normal rules. Maturities on lump sum facilities have also been extended by up to one two month period. Late payment penalties on claims files for letters of credit and guarantees during the outage are covered by the waiver as well, provided customers and guarantors settle their current or non performing obligations within 30 days of the end of the outage period. The bank's public relations office announced the measures on Saturday 1 August 2026.
اقتصاد آنلاین · Aug 1, 2026