Tehran’s Construction Material Inflation at 88% in 2nd Quarter

The general price index of construction materials for residential properties in Tehran, using 2011 as the base year, grew by 88.4% during the four-quarter period ending September 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 93.5% in Q1.
The index stood at 1154.2.5 in Q2 (June 22-September 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 saw a 7.2% rise.
In the first quarter of current Iranian year (March 21-June 21), the construction material price index stood at 1,076.5 and registered a 19.4% quarter-on-quarter growth.