Tehran’s Q3 Construction Material Inflation at 69.9%

The general price index of construction materials for residential properties in Tehran, with 2011 as the base year, grew by 69.9% during the four-quarter period ending Dec. 21, which marks the end of the third quarter of the current Iranian year, year-on-year.
The annual inflation of construction material was 88% in Q2.
The index stood at 1,186.3 in Q3 (Sept. 23-Dec. 21), according to the Statistical Center of Iran's latest report published on its website. Compared with the previous quarter, which ended on Sept. 22, the index saw a 2.8% rise. 
In the second quarter of the current fiscal year (June 22-Sept. 22), the construction material price index stood at 1,076.5 and registered a 7.2% quarter-on-quarter growth.
The index rose by 39.6% in Q3 compared with last year's corresponding quarter (year-on-year). In Q2 of last year, the year-on-year index growth was 65.2%. 
Compared with the previous quarter, the category of “glass” registered the highest growth among all categories of construction materials with a growth of 16.7%, while “cement, concrete and sand” recorded a decline of 6.6% compared with the preceding quarter.
“Glass” witnessed the highest year-on-year inflation while “electrical facilities” registered the lowest YOY price growth
The highest annual price hike was registered for “cement, concrete and sand” group with 108.9% and the lowest annual growth was posted by the “services” group with 38.2%.