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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

38797 ­ ­ AZ ­ ­ 35. Januray 2021 ­ ­­ ­ food prices inflation agricultural products price stability government regulation

 

UOT: 338.43, 338.57, 339.54

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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Tamraz. Tamrazov

Vegetable Research Institute

   

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Sabuhi. Eldarov

Research Institute of Plant Protection and Technical Plants

   

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Anar. Azimov

The Agrarian Services Agency at the Ministry of Agriculture of the Republic of Azerbaijan

   

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Aytekin. Huseynli

Ph.D. student of the Baku State University

   

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Aydin. Asgarov

Institute of Genetic Resources of ANAS

   

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Akif. Aghbabali

Baku State University

   

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Isak. Hasanov

Head of Shamkir Support Point

   

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Galib. Hajiyev

Department of “Economy of enterprise” of Azerbaijan State University of Economics (UNEC)

  Ph.D., docent  

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Aytan. Shukurova

Azerbaijan Cooperation University, senior teacher, dissertator

   

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Alizamin. Guliyev

Azerbaijan Technical University, Ph.D.

   

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Shamil. Rajabov

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Manzar. Nasibova

Senior researcher

   

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Mekhman. Rzayev

Sumgait Chemical-Industrial Park

  doctor of agrarian sciences  

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Maarif. Yusiphov

Vegetable Research Institute

   

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Heydar. Agayev

Ph.D. student of the Azerbaijan Cooperation University

   

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Vagif.

Center for Local Economic Reforms

  Ph.D., docent