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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

48147 ­ ­ 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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Israfil. Ismayilov

Member of the Russian Academy of Natural Sciences

  Prof. Dr.  

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Namig. Shalbuzov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Isak. Hasanov

Head of Shamkir Support Point

   

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Akif. Valiyev

Agricultural Economics Research Center

  Doctor of Economics  

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University

   

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Aytekin. Huseynova

Ph.D. student of Azerbaijan Cooperation University

   

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Фамиль. Рустамов

Institute of Economics of the Ministry of Science and Education, "Economic problems of the agricultural sector" department

  Ph.D., docent  

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Eldar. Guliyev

Agricultural Economics Research Center

  Ph.D., docent  

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Narmin. Sattarova

Ph.D. student of the Odlar Yurdu University

   

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Isak. Hasanov

Head of Shamkir Support Point

   

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Fuad. Rzayev

Ph.D. student of the Azerbaijan Technical University

   

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Alizamin. Guliyev

Azerbaijan Technical University, Ph.D.

   

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Anar. Azimov

Azerbaijan Food Safety Agency, Head of the International Relations Department

   

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Ibrahim. Jafarov

Azerbaijan State Agricultural University

  Corresponding member of ANAS, prof  

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Abbas. Safarov

Ph.D. student of the Agricultural Research Center

   

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Bakhtiyar. Babashli

National Aviation Academy, PhD Candidate

  Ph.D.