Tehran housing inflation at 46.4%

Financial Tribune – Tehran’s housing Consumer Price Index in the 12-month period ending July 21, which marks the end of the fourth Iranian month, increased by 46.4% 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 June 20, at 47.8%.

The housing inflation for the month under review (June 21-July 21) registered a year-on-year increase of 58.9% compared with the similar month of the previous Iranian year. The year-on-year inflation of the month ending June 20 was at 44.6%.

The housing CPI (using the Iranian month to April 19, 2016, as the base) stood at 507 last month, indicating a 10% rise compared with the month before.