Urban Housing Rent Inflation at 27.6 Percent in 2nd Quarter: SCI

October 12, 2021
real estate

T he 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.

The Statistical Center of Iran had put the annualized inflation rate for the preceding quarter (spring), which ended on June 21, at 28.8%.

The highest and lowest annual average 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.

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