Tehran Housing Inflation Surpasses 84 Percent: SCI

Tehran’s housing Consumer Price Index in the 12-month period ending May 21, which marks the end of the second Iranian month, increased by 84.1% compared with the corresponding period of last year, latest data released by the Statistical Center of Iran show. 
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on April 20, at 81.5%. 
The housing inflation for the month under review (April 21-May 21) registered a year-on-year increase of 71.8% compared with the similar month of last year. The year-on-year inflation of the month ending April 20 was 82.6%. 
The housing CPI (using the Iranian month to April 19, 2016, as the base) stood at 711.6 for the month ending May 21, indicating a 3% increase compared with the previous month.
During the month ending April 20, the housing CPI stood at 690.7, registering a 0.1% rise compared with the previous month.