Domestic Economy
0

Tehran Construction Material Inflation Exceeds 40% in Q2

Compared with the first quarter of the current Iranian year (spring), which ended on June 20, the index saw a 30.3% rise and rose by 71.4% in Q1 compared with last year's corresponding quarter
Tehran Construction Material Inflation Exceeds 40% in Q2Tehran Construction Material Inflation Exceeds 40% in Q2

The general price index of construction materials for residential properties in Tehran stood at 698.8 in the second quarter of the current Iranian year (June 21-Sept. 21), according to the Statistical Center of Iran's latest report published on its website.
During the four-quarter period ending Sept. 21, the index grew by 40.8% compared with the previous year's corresponding period. 
The annual inflation of construction material was 29.3% n Q1.
Compared with the first quarter of the current year (spring), which ended on June 20, the index saw a 30.3% rise. 
In the first quarter, the construction material price index stood at 536.5 and registered a 17.3% quarter-on-quarter growth. The index rose by 71.4% in Q1 compared with last year's corresponding quarter. 
In Q1, the year-on-year index growth was 31.9%.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com