Financial Tribune - The general price index of construction materials for residential units in Tehran rose 62.2% in the first quarter of the current Iranian year that ended on June 21 compared with last year's corresponding period.

According to the Statistical Center of Iran's latest report published on its website, the index stood at 406.9 during the period.

The figure indicated an increase of 14.2% compared with the previous quarter, i.e. the fourth quarter of last year, which ended on March 20, 2019.

During the 12-month period ending June 21, the index grew by 56.3% year-on-year.

“Services”, with a price growth of 21.9% compared with Q4 of last year and coefficient of 25.58%, gave the biggest boost to the overall index in Q1.