Tehran Construction Material Inflation at 35 Percent YOY

EghtesadOnline: The general price index of construction materials for residential properties in Tehran stood at 457.4 in the fourth quarter of the last Iranian year (Dec. 22, 2019-March 19), according to the Statistical Center of Iran's latest report published on its website.

News ID: ۷۵۰۰۹۹

21 May 2020

During the four-quarter period ending March 19, 2020, the index grew by 35.1% compared with the previous year's corresponding period.

The index saw a 28.3% year-on-year rise in Q4.

Compared with the previous quarter, i.e. the third quarter of last year (autumn) that ended on Dec. 21, 2019, the index rose 8.4%. The construction material price index stood at 421.8 in the Q3 of last year.

The category of “ironware, rebar, profile for doors, windows and fences” with a 34.7% growth compared with Q3 and a coefficient of 18.04% gave the biggest boost to the overall index in Q4.

The index for this category stood at 551.9. The category witnessed a price hike of 39.4% compared with previous year’s similar quarter. The price index grew by 28.5% during the four quarters ending March 19.

"Wood" ranked second when it comes to having an impact on the growth of construction materials’ index with a price growth of 7.6% over the previous quarter and a coefficient of 7.79%.

The category’s index hit 604.2 in Q4, which was higher by 19.3% compared with the same quarter of the year before. During the four quarters ending March 19, the growth rate of this category's price index was 42%.

The category of “mechanical facilities and thermal insulators” ranked third with the biggest impact on the overall residential construction material price index in winter.

In Q4, the group's index stood at 642.1, which was higher by 13.6% compared with the previous quarter and 31.7% year-on-year. In the four quarters ending Q4, the group experienced a growth of 39.2% in price index. The category has a coefficient of 3.26%.

In Q4, the categories of “cement, concrete, gravel and sand” and “glass” registered no change (0%) in price index compared with the previous quarter.

The “cement, concrete, gravel and sand” category’s index with a coefficient of 15.13% reached 403.9, which was higher by 33.6% year-on-year. In the four-quarter period ending Q4, the group experienced a growth of 48.6% in its price index.

The “glass” group index with a coefficient of 1.31% stood at 404.4 in Q4, registering an 11.3% growth compared with the same quarter of the year before. The group’s price index grew by 28.9% during the four quarters.