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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

47157 ­ ­ 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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Saadat. Guliyeva

Azerbaijan Academy of Labor and Social Relations

  Doctor of Philosophy in Economics  

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Umkhanim. Agakishiyeva

Teacher of Azerbaijan University of Architecture and Construction

   

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Ruhiyya. Gambarova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Aydin. Asgarov

Institute of Genetic Resources of ANAS

   

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Natig. Javadov

Azerbaijan State Agrarian University

  prof, dr  

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Ruhiyya. Mammadrzayeva

Research Institute of Plant Protection and Technical Plants

   

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Elbrus. Akbarov

Azerbaijan State University of Economics (UNEC), senior lecturer

   

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Ulviyya. Rasulova

Azerbaijan State University of Economics (UNEC)

   

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Nigar. Gasimova

Agricultural Research Center, senior specialist

   

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Tahmina. Safarli

Ph.D. student of the Baku State University

   

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Azer. Gurbanzadeh

Azerbaijan Cooperation University

  Ph.D., docent  

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Izzat. Talibov

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Faiq. Gasimli

PhD student of the Agricultural Economics Research Center

   

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Gamar. Ibrahimova

Special Constructor Technology Bureau of the National Aerocosmic Agency