Urban Rent Inflation Tops 24%

The average Consumer Price Index for rents in urban areas during the four-quarter period ending Sept. 21, which marks the end of the second quarter of the current Iranian year, increased by 24.3% compared with the corresponding period of last year. 
The Statistical Center of Iran had put the annual inflation rate for the preceding quarter, which ended on June 20, at 22.7%. 
The highest and lowest average annual inflation rates were registered for Lorestan and West Azarbaijan provinces at 32.3% and 8.9%, respectively.  
According to the SCI report, CPI for rent levels in urban areas (using the Iranian year to March 2017 as the base year) stood at 195.8 in summer, the second quarter of the current Iranian year (June 21-Sept. 21), indicating an 11.8% increase quarter-on-quarter. 
SCI had put the QOQ rent inflation rate for the preceding quarter, which ended on June 20, at 3.4%.