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Tehran Construction Material Inflation at 36.7% in Q2: SCI

The highest annualized price hike was registered for “glass” with 85.2% and the lowest was posted for “ironware, rebar, profile for doors, windows and fences” group with 18%
Tehran Construction Material Inflation at 36.7% in Q2: SCI
Tehran Construction Material Inflation at 36.7% in Q2: SCI

The general price index of construction materials for residential properties in Tehran, using 2011 as the base year, grew by 36.7% during the four-quarter period ending Sept. 22, which marks the end of the second quarter of the current Iranian year, compared with the previous year's corresponding period.
The annual inflation of construction material was 44.8% in Q1.
The general index stood at 1,491 in Q2 (June 22-Sept. 22), according to the Statistical Center of Iran's latest report published on its website. Compared with the previous quarter, which ended on June 21, the index registered a 3.4% fall. 
In the first quarter of the current Iranian year (March 21-June 21), the construction material price index stood at 1,544.2 and registered a 26.3% quarter-on-quarter growth.

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