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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

31803 ­ ­ AZ ­ ­ 35. Januray 2021 ­ ­­ ­ food prices inflation agricultural products price stability government regulation

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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Akram. Hasanzada

Ph.D. student of the Agricultural Research Center

   

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Abrehet. Mehari

Lecturer in Ethiopia Civil Service University, Ethiopia, Addis Ababa; Ph.D. candidate in Azerbaijan State University of Economics

   

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Akif. Aghbabali

Baku State University

   

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Alamdar. Asgarov

Vegetable Research Institute

   

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Hagar. Namazova

Ph.D. candidate of the Azerbaijan State Economic University (UNEC)

   

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Натиг. Гаджиев

Doctor of Science Program of Agricultural Research Center

  Ph.D., docent  

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Chilenay. Abishova

Ph.D. student of the Agricultural Economics Research Center

   

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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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Galib. Hajiyev

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

  Ph.D., docent  

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Zaur. Asadov

Azerbaijan State Oil and Industrial University

  Doctor of Philosophy in Economics  

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Eldar. Guliyev

Agricultural Economics Research Center

  Ph.D., docent  

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Novruz. Rahimov

Ph.D. student of the Azerbaijan Cooperation University

   

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Israfil. Ismayilov

Member of the Russian Academy of Natural Sciences

  Prof. Dr.  

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Ibrahim. Jafarov

Azerbaijan State Agricultural University

  Corresponding member of ANAS, prof  

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics