Urban Rent Inflation in Iran at 23.5%

The average Consumer Price Index for rents in urban areas in the year ending Dec. 21 increased by 23.5% compared with last year’s corresponding period. 
The Statistical Center of Iran had put the annual inflation rate for the preceding quarter, which ended on Sept. 22, at 24%. 
The highest and lowest average annual inflation rates were registered for Lorestan and West Azarbaijan provinces at 32.5% and 9.9%, respectively.  
According to the SCI report, CPI for rent levels in urban areas (using the Iranian year to March 2017 as the base year) reached 162.8 in fall, the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019), indicating a 7.2% increase compared with the previous quarter. 
Hamedan and West Azarbaijan provinces registered the highest and lowest quarter-on-quarter inflation rates for tenants in urban areas with 13.7% and 1.7%, respectively.