Tehran construction material inflation at 35 percent YOY

Financial Tribune – The category of “ironware, rebar, profile for doors, windows and fences” with a 34.7% growth compared with Q3 and a coefficient of 18.04% gave the biggest boost to the overall index in Q4

The general price index of construction materials for residential properties in Tehran stood at 457.4 in the fourth quarter of the last Iranian year (Dec. 22, 2019-March 19), according to the Statistical Center of Iran’s latest report published on its website.

During the four-quarter period ending March 19, 2020, the index grew by 35.1% compared with the previous year’s corresponding period.

The index saw a 28.3% year-on-year rise in Q4.