The Iran Project

Urban rent inflation at 23.2%

Financial Tribune – The highest and lowest average annual inflation rates were registered for Lorestan and West Azarbaijan provinces with 34.2% and 10.1% respectively

The average Consumer Price Index for home rents in urban areas in the last fiscal year (ended March 19, 2020) increased by 23.2% compared with the corresponding period of the year before.

The Statistical Center of Iran had put the annual inflation rate for the preceding quarter, which ended on Dec. 21, 2019, at 23.5%.

The highest and lowest average annual inflation rates were registered for Lorestan and West Azarbaijan provinces with 34.2% and 10.1% respectively.

According to the SCI report, CPI for rent levels in urban areas (using the Iranian year to March 2017 as the base year) stood at 169.3 in winter, the fourth quarter of the last Iranian year (Dec. 22, 2019-March 19), indicating a 4% increase compared with the previous quarter.

SCI had put the quarter-on-quarter rent inflation rate for the preceding quarter, which ended on Dec. 21, 2019, at 7.2%.

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