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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

34486 ­ ­ 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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Arastun. Jalilov

  Doctor of Philosophy in Economics  

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Naila. Aliyeva

Associate professor of the Azerbaijan State Economic University (UNEC) Doctoral student of the Agro Researches Center

  Doctor of Philosophy in Economics  

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Elbrus. Akbarov

Azerbaijan State University of Economics (UNEC), senior lecturer

   

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Talib. Huseynov

PhD student of the Agricultural Economics Research Center

   

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Turana. Mustafayeva

Ph.D. student of Western Caspian University

   

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Hagar. Namazova

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

   

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Manzar. Nasibova

Senior researcher

   

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Ramil. Asgarov

Doctoral student of Azerbaijan State Agrarian University

   

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Agshin. Huseynzade

Master of Azerbaijan State University of Economics (UNEC)

   

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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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Tahmasib. Huseynov

Azerbaijan State University of Economics (UNEC)

  Doctor of Philosophy in Economics  

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. Shahla

Baku State University

   

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Vagif.

Center for Local Economic Reforms

  Ph.D., docent  

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Nurida. Gasimova

Ph.D. student of Azerbaijan University of Cooperation

   

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Khaliq. Ghafarli

Ph.D. student of the Agricultural Research Center