FOOD PRICES INCREASE BY 10% BECAUSE OF NEW TARIFFS

We present the rankings of commercial banks in Azerbaijan based on a comparison of financial performance for the third quarters of 2023 and 2024 (year-over-year dynamics). The rankings are compiled using the financial reports that banks publish on their websites.

Here are the rankings of commercial banks in Azerbaijan based on financial performance for the third quarter of 2024. The rankings are compiled using the financial reports that banks publish on their websites.

In September 2024, the prices of building materials in Baku saw a moderate increase of 0.9% compared to the previous month. While most items showed stable prices, certain categories such as rebar, timber, and glass experienced slight price fluctuations.

In the first nine months of 2024, food prices in Baku rose by 5%, indicating inflationary pressure in Azerbaijan’s domestic market. An analysis of a consumer basket composed of 30 basic food items by the Turan agency revealed a complex picture: while some products increased in price, others became cheaper, highlighting the uneven nature of price movements in the food sector.