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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

48766 ­ ­ 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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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

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Azer. Gurbanzadeh

Azerbaijan Cooperation University

  Ph.D., docent  

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Jahani. Nusretzade

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Firdovsi. Fikratzade

Doctoral student at the Institute for Scientific Research on Economic Reforms

  Doctor of Philosophy in Economics  

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Okiemua. Okoror

Department of Economics, University of Benin, Nigeria | Department of Economics, University of Reading, UK

   

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Shovkat. Yusufova

Azerbaijan Cooperation University

  Ph.D., docent  

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Zaur. Asadov

Azerbaijan State Oil and Industrial University

  Doctor of Philosophy in Economics  

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Galib. Sharifov

Head of the Department of Quality Management of "Agro Procurement and Supply" OJSC, ISO standards expert

  Doctor of Philosophy in Economics  

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Anar. Malikov

PhD candidate, Azerbaijan Cooperation University

  Phd student  

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Ramil. Huseyn

Center for Economic Reforms and Communication

  Doctor of Economics  

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Tarlan. Gorchiyeva

PhD student of the Agricultural Economics Research Center

   

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Aygun. Salimova

Student of Azerbaijan State University of Economics (UNEC)

   

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Emin. Ahmedzadeh

Doctoral student of the Agricultural Research Center

  Doctor of Philosophy in Economics  

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Aygun. Huseynova

Baku State University

   

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Alizamin. Guliyev

Ph.D. candidate of the Azerbaijan Technical University

   

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Orkhan. Balayev

Education Center of Tax Ministry of Azerbaijan Republic