Inflation of construction materials broke records – Tejaratnews
According to Tejarat News, the rate of increase in the price of construction materials in the last 9 months became 31.6% on average.
While the central bank has closed the statistics of developments in Tehran’s housing market, the latest data published by Iran’s statistical center shows the inflation of construction materials in the fall of 1401. which has increased by 4.6% compared to the previous season, by 31.6% compared to the same season last year, and by 34.7% in the four seasons leading up to the current season.
In this season, among the executive groups, the highest annual inflation with 76.6% was related to the “Glass” executive group and the lowest inflation with 14.6% was related to the “Iron equipment, rebar, door and window profile and fence” group.
The effect of seasonal inflation on construction materials
In the autumn season of 1401, the percentage of changes in the price index of residential buildings in Tehran compared to the previous season (seasonal inflation) is 4.6%, which has increased by 8 percentage points compared to the same information in the previous season (-3.4%). In the autumn season of 1401, among the executive groups, the highest seasonal inflation with 18.1 percent was related to the executive group “Iron tools, rebar, door, window and fence profiles” and the lowest seasonal inflation with a decrease of 2.2 percent was related to the executive group. “cement, concrete, sand”
In the fall season of 2011, the percentage of changes in the price index of residential buildings in Tehran compared to the same season of the previous year (point-to-point inflation) is 31.6%, which is an increase of 2.3 percentage points compared to the same information in the previous season (29.3%). had. In this season, among the executive groups, the highest point-to-point inflation with 63.9 percent is related to the “Glass” executive group and the lowest point-to-point inflation with 15.2 percent is related to the “Iron, rebar, door and window profile” executive group. and the fence.
What is the reason for the increase in the price of materials?
While the eyes and ears of the housing market activists are closed by the detention of official statistics by the relevant authorities, due to the growth and prosperity of construction in spring and summer, and also due to the fact that according to city officials, construction in the new year Construction has flourished in the worn-out context and the amount of permits issued in this context has increased by 300%, it can be said that under the influence of the increase in the internal demand of the construction market, construction materials, including ready-made concrete, have experienced price growth.
However, not all of this price increase can be attributed to the growth of seasonal demand, as according to the results of a survey of construction workers (Shamkh Kal Tasqab) in the first two months of this year, this industry has not experienced an extraordinary situation. According to “Teza” report, after 7 consecutive months of recession in the construction industry, finally in March of last year, the construction industry was able to stand a few steps above the border of prosperity and recession and get out of recession. But as it was predicted, this relative boom suffered a stroke and stopped in April of this year, so that the Shamakh number of the whole building dropped to 33.95 in April 1402, and since it settled below the limit of 50, it was within the range of There was a recession.
Source: Iran Watch