Domestic Economy

Tehran Housing Inflation at 71%

Tehran Housing Inflation at 71%
Tehran Housing Inflation at 71%

The Consumer Price Index for the housing sector of the Iranian capital city in the 12-month period ending Jan. 19, which marks the end of the 10th Iranian month, increased by 71.8% compared with the corresponding period of last year, latest data released by the Statistical Center of Iran show. 
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Dec. 20, 2020, at 68.2%. 
The housing inflation for the month under review (Dec. 21, 2020-Jan. 19) registered a year-on-year increase of 90.4% compared with the similar month of previous Iranian year. The year-on-year inflation of the month ending Dec. 20 was 83%. 
The housing CPI (using the Iranian month to April 19, 2016 as the base) stood at 638.3 during the period, indicating an 8.2% growth compared with the month before.
During the month ending Dec. 20, the housing CPI stood at 589.8, registering an 8.5% decline compared with the previous month.


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