Construction Material Prices in Baku Decrease by 2.4% in December

In December 2024, the average price of the consumer basket (CB) in Baku, consisting of 30 basic food products of domestic production compiled by the Turan agency, rose by 0.6%.

In December 2024, the situation regarding lending in three banks of Azerbaijan changed. The banks revised the interest rates on consumer and business loans issued in manat.

In December 2024, the situation regarding deposit acceptance in three banks of Azerbaijan changed. The banks revised the interest rates for deposits held in manat and US dollars. Thus, the annual interest rate for deposits in the national currency (manat) for one year was changed as follows: AFBBank- from 9-9.5% to 11-12%; Expressbank - from 8.5-11.5% to 10-12%; Yelobank - from 9.5-11% to 9.5-12%

The construction materials market in Baku in November exhibited modest but varied shifts in pricing, influenced by local production, imports, and fluctuating supply chain conditions. While many categories remained stable, certain materials saw notable price adjustments, reflecting broader economic trends.