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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

38061 ­ ­ 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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Rafiz. Ismayilli

student of the Agricultural Economics Research Center

   

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Savalan. Seyfaddinov

Senior researcher at the Scientific Research Institute of Agriculture Ministry of Agriculture of the Republic of Azerbaijan

  Ph.D. in Agrarian Sciences  

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Ulker. Mammadova

Ph.D. student of the Azerbaijan Cooperation University

   

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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

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Yusif. Akhundov

Ph.D. student of the Agricultural Research Center

   

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Andriy. Popovych

Instytut Ekonomiki Rolnictwa i Gospodarki Żywnościowej, Warszawa, Polska / Agricultural and Food Economics State Research Institute, Warsaw, Poland

  Ph.D.  

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Idris. Hojatov

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

  junior researcher  

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Tarlan. Gorchiyeva

PhD student of the Agricultural Economics Research Center

   

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Turan. Ahmadli

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Vahid. Amrahov

Azerbaijan State Agricultural University

  Ph.D., docent  

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Gulnar. Bashirova

Master of Azerbaijan State University of Economics (UNEC)

   

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Aytan. Shukurova

Azerbaijan Cooperation University, senior teacher, dissertator

   

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Khaliq. Ghafarli

Ph.D. student of the Agricultural Research Center

   

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Gurban. Mirzayev

Azerbaijan State Agrarian University

   

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Vugar. Mehdiyev

h.D., Associate Professor, V.M. Mehdiyev Azerbaijan University of Cooperation

  Ph.D., docent  

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Mushfiq. Tukanov

Ph.D. student of the Agricultural Research Center