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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

32623 ­ ­ 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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Mekhman. Rzayev

Sumgait Chemical-Industrial Park

  doctor of agrarian sciences  

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Samir. Maharramov

Doctoral student of Azerbaijan Tourism and Management University

   

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Yegane. Abbasova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Nizami. Gafarov

Doctor of Science Program of Agro Researches Center

  Ph.D., docent  

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Lala. Jabbarlı

Ph.D. student of the Agricultural Economics Research Center

   

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Vusala. Nagiyeva

Azerbaijan Cooperation University

  Ph.D., docent  

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Alizamin. Guliyev

Azerbaijan Technical University, Ph.D.

   

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Agshin. Huseynzade

Master of Azerbaijan State University of Economics (UNEC)

   

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Javad. Gojamanov

Ph.D. student of Baku State University

   

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Orkhan. Balayev

Education Center of Tax Ministry of Azerbaijan Republic

   

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Ulker. Mammadova

Ph.D. student of the Azerbaijan Cooperation University

   

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Izzat. Talibov

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Jahani. Nusretzade

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Sadi. Ismayilov

Assistant director of Beylagan RASIC

  Doctor of Philosophy in Economics  

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Nurida. Gasimova

Ph.D. student of Azerbaijan University of Cooperation