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Q4 Rent Inflation at 27.5% as Home Prices Rise 28.5 Percent

CPI for rent levels stood at 218.3 in Q4 (Dec. 21, 2020-March 20), indicating an increase of 4.4% compared with the previous quarter and 28.9% over the same quarter of the year before
Q4 Rent Inflation at 27.5% as Home Prices Rise 28.5 Percent
Q4 Rent Inflation at 27.5% as Home Prices Rise 28.5 Percent

The average Consumer Price Index for home rent levels in urban areas during the four-quarter period ending March 20, the end of last fiscal year, increased by 27.5% compared with the corresponding period of the year before. 
The Statistical Center of Iran had put the annual inflation rate for the preceding quarter (Q3), which ended on Dec. 20, 2020, at 26%. 
The highest and lowest average annual rent inflation rates were registered for Hamedan and Sistan-Baluchestan provinces at 35.7% and 14.7%, respectively.  
According to the SCI report, the CPI for rent levels in urban areas (using the Iranian year to March 2017 as the base year) stood at 218.3 in Q4 (Dec. 21, 2020-March 20), indicating a 4.4% increase compared with the previous quarter. 
SCI had put the quarter-on-quarter rent inflation rate for the preceding quarter, which ended on Dec. 20, at 6.8%. 

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