The general price index of construction materials for residential properties in Tehran, using 2011 as the base year, grew by 55.3% during the four-quarter period ending March 20, which marks the end of the fourth quarter of the last Iranian year, compared with the previous year's corresponding period.
The annual inflation of construction material was 69.9% in Q4.
The index stood at 1,222.5 in Q4 (Dec. 22, 2021-March 20), according to the Statistical Center of Iran's latest report published on its website. Compared with the previous quarter, which ended on Dec. 21, the index saw a 3% rise.
In the third quarter of the previous Iranian year (Sept. 23-Dec. 21), the construction material price index stood at 1,186.3 and registered a 2.8% quarter-on-quarter growth.
The index rose by 35.5% in Q4 compared with last year's corresponding quarter (year-on-year). In O3, the year-on-year index growth was 39.6%.
Compared with the previous quarter, the category of “electrical facilities” registered the highest growth among all categories of construction materials with a growth of 13.6%. “Ironware, rebar, profile for doors, windows and fences” recorded the lowest index growth with 1.2% compared with the preceding quarter.
“Glass” witnessed the highest year-on-year inflation with 69% while “bituminous sheet, tar paper and asphalt” registered the lowest year-on-year price growth with 27.2%.
The highest annual price hike was registered for “glass” group with 85.4% and the lowest annual growth was posted by “services” group with 36.8%.
