- Markets Review
- 8 September 2011, 12:48
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Secondary Housing Market Prices Decrease on Average by 2.8% in August
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- Telecomnews
- 7 September 2011 06:50
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- Markets Review
- 9 September 2011 02:36
Markets Review
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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.
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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.
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In September 2024, the average price of the consumer basket (CB) for 30 types of basic domestically produced food products in Baku, as compiled by Turan agency, increased by 2%.
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In September 2024, the lending situation changed in three banks in Azerbaijan. These banks adjusted their interest rates for consumer loans in manats. Specifically: The annual interest rate for cash loans at Azər-Türk Bank changed from 11-17% to 11-15%. At Expressbank, the rate increased from 11% to 12%. Bank VTB Azerbaijan started offering pawn loans at an annual interest rate of 18%. In the remaining 19 banks, loan rates remained stable over the past month.
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