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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

30594 ­ ­ 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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Ruhiyya. Mammadrzayeva

Research Institute of Plant Protection and Technical Plants

   

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Bahruz. Nuriyev

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Israfil. Ismayilov

Member of the Russian Academy of Natural Sciences

  Prof. Dr.  

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Konul. Mamedova

Ph.D. student of the Agricultural Economics Research Center

   

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Vusala. Babayeva

Doctor of Science Program of Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Javahir. Allahverdiyeva

Azerbaijan State Agrarian University

  senior lecturer  

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Parviz. Aliyev

Chief of department, Agricultural Research Center
Ph.D. student of the Agricultural Research Center

   

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Samir. Agayev

Ph.D. student of Azerbaijan State Economic University (UNEC)

   

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Gurban. Mirzayev

Azerbaijan State Agrarian University

   

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Samir. Maharramov

Doctoral student of Azerbaijan Tourism and Management University

   

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Hamza. Khalilov

Agricultural Economics Research Center, Advisor to the director

  prof, dr  

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Gabil. Kazimov

Research Institute of Crop Husbandry

   

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Orkhan. Balayev

Education Center of Tax Ministry of Azerbaijan Republic

   

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Anar. Bayramov

Ph.D. student of the Agricultural Research Center

   

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Ibrahim. Jafarov

Azerbaijan State Agricultural University

  Corresponding member of ANAS, prof