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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

21859 ­ ­ AZ ­ ­ 35. Januray 2021 ­ ­­ ­ food prices inflation agricultural products price stability government regulation

Abstract

Due to the relatively high share of food prices in the consumer basket, rising food prices have a significant impact on inflation. The article examines the impact of agricultural and food prices on inflation. In this regard, food prices and inflation dynamics in Azerbaijan were analyzed. It is shown that the rise in prices for agricultural raw materials similarly affects food prices, which, in turn, affects inflation. The article also discusses the issues of state regulation in order to ensure stability in the agricultural market.

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AUTHORS

 

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Ceyran. Babirova

Ph.D. student Azerbaijan State University of Economics (UNEC)

   

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Faiq. Gasimli

PhD student of the Agricultural Economics Research Center

   

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Jahani. Nusretzade

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Gulnara. Salimova

Senior Researcher of the Research Institute for Economic Reforms

   

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Khayala. Guliyeva

Ph.D. student of the Agricultural Research Center

   

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Naila. Aliyeva

Associate professor of the Azerbaijan State Economic University (UNEC) Doctoral student of the Agro Researches Center

  Doctor of Philosophy in Economics  

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Yegane. Abbasova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Islam. Ibrahimov

Baku Business University

  prof, dr  

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Turaj. Musayev

Agricultural Economics Research Center, leading specialist

   

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Lala. Jabbarlı

Ph.D. student of the Agricultural Economics Research Center

   

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Sabuhi. Eldarov

Research Institute of Plant Protection and Technical Plants

   

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Ruhiyya. Mammadrzayeva

Research Institute of Plant Protection and Technical Plants

   

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Aytekin. Huseynli

Ph.D. student of the Baku State University

   

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Bahruz. Nuriyev

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Натиг. Гаджиев

Doctor of Science Program of Agricultural Research Center

  Ph.D., docent