State Statistics Committee Data on Growing Welfare of Citizens Do Not Coincide with Reality
Markets Review
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In January, Baku’s construction materials market demonstrated relative stability, though minor changes were observed in different product categories. Prices declined by 0.9%, following a 2.4% decrease in December 2024, indicating a potential market correction and stabilization.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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In January 2025, the lending situation in three Azerbaijani banks changed. The banks revised their interest rates on consumer loans issued in Azerbaijani manats.
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In January 2025, the situation with deposit acceptance changed in three Azerbaijani banks. These banks revised the interest rates on traditional deposits placed in Azerbaijani manats.
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