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Tehran’s Construction Material Inflation Tops 29 Percent in Q1

The growth in construction material prices in the capital city was 1.5% above the overall inflation rate during the period under review
Tehran’s Construction Material Inflation Tops 29 Percent in Q1Tehran’s Construction Material Inflation Tops 29 Percent in Q1

The general price index of construction materials for residential properties in Tehran stood at 536.5 in the first quarter of the current fiscal year (March 20-June 20). 
During the four-quarter period ending June 20, the index grew by 29.3% compared with the previous year's corresponding period, according to the Statistical Center of Iran's latest report published on its website.
Compared with the previous quarter, i.e. the fourth quarter of last year (winter), which ended on March 19, 2020, the index saw a 17.3% rise. The construction material price index stood at 457.4 in last year's Q4.
The index rose by 31.9% during the first quarter of the current Iranian year that ended on June 20 compared with last year's corresponding quarter. 
The category of “services” with a price growth of 25.8% compared with last year’s Q4 and a coefficient of 25.55% gave the biggest boost to the overall index in Q1. The index for this category stood at 435.1. The category witnessed a price hike of 27.1% compared with the previous year’s similar quarter. Its price index grew by 24.7% during the four-quarter period ending June 20. 

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