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 |
UOT: 338.43, 338.57, 339.54
AbstractDue 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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Jubril. Animashaun
Department of Economics, The University of Manchester, UK / Department of Agricultural Economics, University of Ilorin, Nigeria
Nijat. Muradov
Ph.D. student of the Institute of Economics, Ministry of Science and Education of the Republic of Azerbaijan
Irada. Huseynova
Vice-president of Azerbaijan National Academy of Sciences Director of the Institute of Molecular Biology and Biotechnology, ANAS
academician
Savalan. Seyfaddinov
Senior researcher at the Scientific Research Institute of Agriculture Ministry of Agriculture of the Republic of Azerbaijan
Ph.D. in Agrarian Sciences