Situation with Deposit Acceptance in Azerbaijani Banks

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.

In November 2024, the average price of a consumer basket (CB) for 30 basic domestically produced food items compiled by the Turan agency in Baku rose by 0.6%.

In November 2024, the lending situation changed in two Azerbaijani banks. These banks revised the interest rates for both consumer and business loans offered in Azerbaijani manats.

In October 2024, the construction materials market in Baku experienced a significant price increase, averaging 5% compared to the previous month. This sharp rise contrasts with the modest 0.9% growth seen in September, indicating a spike in demand or supply constraints in the local market. The data for October shows broader inflationary pressure affecting key construction resources, along with diverse price trends across various material categories.