The average annual Consumer Price Index for the transportation sector increased by 46.5% in the 12-month period ending April 19, which marks the end of the first month of the current Iranian year, compared to last year's corresponding period.
According to the Statistical Center of Iran, With a coefficient of 9.41%, the CPI stood at 242.9%, indicating a 1% increase compared with the month before. The transportation index registered a year-on-year increase of 47.4%.
Head of Iran’s Budget and Planning Organization (BPO) announced that two sections of Zahedan-Chabahar railway are going to be completed by the end of the current Iranian calendar year (March 20, 2021).
Crispin Odey, one of Europe’s highest-profile hedge fund managers, said that governments may ban private gold ownership if they lose control of inflation in the wake of the coronavirus crisis.
Wordwide, mining companies are facing disruptions in supply chain, parts and consumables as a result of near-global government directives to contain the covid-19 pandemic.
Iran’s Producer Price Index (PPI) data for the Q4 of the previous Iranian calendar year (ended on March 19) indicates that the index has improved 10.6 percent compared to the Q3, IRIB reported on Wednesday.
Demand for polymers in India has seen a slight recovery, a week after the easing of restrictions on industrial operations to curb the Covid-19 pandemic.
Ecuador-focused miner SolGold (LON, TSX:SOLG) has secured up to $150 million from streaming company Franco Nevada (TSX, NYSE: FNV), which it will use to develop its Alpala copper-gold project.