The impact of agricultural and food prices on inflation in Аzerbaijan
 |
Nazrin Ramazanova Nizami |
| Master of Azerbaijan State University of Economics (UNEC) | |
| nramazanova2018@gmail.com |
UOT: 338.43, 338.57, 339.54
AbstractDue 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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Kenan. Mammadov
Associate Professor, Azerbaijan Technical University
Doctor of Philosophy in Economics
Okiemua. Okoror
Department of Economics, University of Benin, Nigeria | Department of Economics, University of Reading, UK
Jubril. Animashaun
Department of Economics, The University of Manchester, UK / Department of Agricultural Economics, University of Ilorin, Nigeria
Vugar. Mehdiyev
h.D., Associate Professor, V.M. Mehdiyev Azerbaijan University of Cooperation
Ph.D., docent
Rena. Musayeva
Department of “Economic Regulation” of Azerbaijan State University of Economics (UNEC)