Food Prices Rose by 2.4% in November
Markets Review
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In March 2024 in Baku, the average price of the consumer basket (CC) for 30 types of basic food products of domestic production, compiled by Turan Agency, rose by 5%.
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In March 2024, the lending situation in 5 banks in Azerbaijan changed. Banks have revised the percentage of consumer loans issued in manats.
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In March 2024, the situation with accepting deposits in 2 banks of Azerbaijan changed. Banks have revised the percentage of classic deposits placed in manats and US dollars.
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Over the past six years, the construction sector in Baku, the capital of Azerbaijan, has seen a significant increase in prices for building materials, which marked a difficult period for both industry professionals and consumers. From March 2018 to March 2024, the average price increase for building materials was an astounding 27%, highlighting a trend that affects the entire range of construction projects, from residential buildings to commercial projects and infrastructure projects.
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