20 Nov 2024
Wednesday 8 May 2019 - 16:14
Story Code : 348114

Tehran Q4 land, home, rent prices increase

Financial Tribune - The Statistical Center of Iran has published its latest report on Tehrans home and land prices in addition to rents, which indicates a significant increase during the fourth quarter of the last Iranian year (Dec. 22, 2018-March 20).

It is noteworthy to compare the price hikes against a backdrop of overall consumer inflation.

According to SCI, the goods and services Consumer Price Index in the 12-month period ending March 20, which marks the end of last fiscal year, increased by 26.9% compared with last years corresponding period.

The consumer inflation registered a year-on-year increase of 47.5% in the Iranian month ending March 20 compared with the similar month of last year.
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