Home 35. Januray 2021 The impact of agricultural and food prices on inflation in Аzerbaijan

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

35344 AZ 35. Januray 2021 food prices inflation agricultural products price stability government regulation

UOT: 338.43, 338.57, 339.54

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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

Idris. Hojatov

Ministry of Science and Education of the Republic of Azerbaijan, Institute of Dendrology

junior researcher

Gulnar. Bashirova

Master of Azerbaijan State University of Economics (UNEC)

Department of Economics, The University of Manchester, UK | Department of Agricultural Economics, University of Ilorin, Nigeria | Department of Economics, Policy and International Business, Manchester Metropolitan University, UK