Tehran’s housing Consumer Price Index in the 12-month period ending Sept. 22, which marks the end of the sixth Iranian month, increased by 67.3% 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 Aug. 22, at 75.3%.
The housing inflation for the month under review (Aug. 23-Sept. 22) registered a year-on-year increase of 23.8% compared with the similar month of last year. The year-on-year inflation of the month ending Aug. 22 was 33.7%.
The housing CPI (using the Iranian month to April 19, 2016, as the base) stood at 752.6 for the month to Sept. 22, indicating a 1.2% decrease compared with the month before.
During the month ending Aug. 22, the housing CPI stood at 761.7, registering a 3.6% rise compared with the previous month.
The average Consumer Price Index for rent levels of residential homes in urban areas during the four-quarter period to Sept. 22, which marks the end of summer, increased by 27.6% compared with the corresponding period of last year, SCI reported earlier.
The center had put the annualized inflation rate for the preceding quarter (spring), which ended on June 21, at 28.8%.
The highest and lowest average annual inflation rates in Q2 were registered for Kermanshah and Sistan-Baluchestan provinces with 37.5% and 13.2% 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 244.1 in the second quarter of the current Iranian year (June 22-Aug. 22), indicating an 8% increase compared with the previous quarter.
SCI had put the quarter-on-quarter rent inflation rate for the preceding quarter, which ended on June 21, at 3.5%.
Lorestan and Sistan-Baluchestan provinces registered the highest and lowest quarter-on-quarter inflation rates for tenants in urban areas with 27.5% and 2.5% respectively.
The consumer rent price index in urban areas increased by 24.7% in Q2 against the same quarter of last year. SCI had put the year-on-year rent inflation rate for the preceding quarter at 29.1%.
The highest and lowest inflation rates on a year-on-year basis in the second quarter of the current Iranian year were posted by Lorestan with 41.8% and Khorasan Razavi with 13.1%.
The report also shows CPI measured for the housing sector (sales) in urban areas stood at 244.8 in Q2, indicating a 8% rise compared with the previous quarter and a 24.9% growth over the same quarter of last year. SCI had put the quarter-on-quarter and year-on-year housing inflation rate for the preceding quarter at 3.6% and 29.3%, respectively. The average annual housing CPI increased by 27.9% in Q2 compared with the similar quarter of last year while the annual housing inflation rate for the preceding quarter stood at 29%.
CPI for maintenance and repair services of residential units, including plumbing, plastering, home electrification and insulation services, in urban areas stood at 312.3 in Q2, indicating a 7.1% rise compared with the previous quarter and a 44.5% growth over the same quarter of the year before.
SCI had put the quarterly and year-on-year maintenance and repair services inflation rate for the preceding quarter at 11.1% and 51.9%, respectively. CPI for maintenance and repair services increased by 45.8% in the four-quarter period ending Sept. 22.
Annual maintenance and repair services inflation rate for the preceding quarter had reached 43.1%.