Tehran Construction Materials Inflation at 34.7% in Q3: SCI
EghtesadOnline: Glass, among different types of construction materials, witnessed the highest year-on-year inflation with 63.9% and the highest annualized price rise with 76.6%
The general price index of construction materials for residential properties in Tehran, using 2011 as the base year, grew by 34.7% during the four-quarter period ending Dec. 21, 2022, which marks the end of the third quarter of the current Iranian year, compared with the previous year's corresponding period.
The annualized inflation of construction material was 36.7% in Q2.
The general index stood at 1,561 in Q3 (Sept. 22-Dec. 21, 2022), 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 registered an 8% rise.
In the second quarter of the current Iranian year (June 22-Sept. 22), the construction material price index stood at 1,491 and registered a 3.4% quarter-on-quarter fall.