Tehran Construction Material Inflation Hit 76.4 Percent

The general price index of construction materials for residential properties in the city of Tehran, using 2011 as the base year, stood at 902 in the fourth quarter of last Iranian year (Dec. 21, 2020-March 20), according to the Statistical Center of Iran's latest report published on its website. 
During the four-quarter period ending March 20, the index grew by 76.4% compared with the previous year's corresponding period. Compared with the previous quarter, which ended on Dec. 20, 2020, the index saw a 6.1% rise. 
In the third quarter, the construction material price index stood at 850.1 and registered a 21.6% quarter-on-quarter growth. The index rose by 97.2% during the fourth quarter of last Iranian year compared with last year's corresponding quarter. 
In Q3, the year-on-year index growth was 101.6%.