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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

18917 ­ ­ 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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Galib. Hajiyev

Department of “Economy of enterprise” of Azerbaijan State University of Economics (UNEC)

  Ph.D., docent  

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Fuad. Rzayev

Ph.D. student of the Azerbaijan Technical University

   

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Tamraz. Temrazov

Vegetable Research Institute

   

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Elay. Zeynalli

Azerbaijan State Agrarian University

   

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Aygun. Salimova

Student of Azerbaijan State University of Economics (UNEC)

   

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Ramiz. Isgandarov

Department of "Economics and Statistics" of Azerbaijan Technical University

  prof, dr  

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Mekhman. Rzayev

Sumgait Chemical-Industrial Park

  doctor of agrarian sciences  

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Mushfiga. Mammadova

Agricultural Economics Research Center

  Ph.D., docent  

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Aytekin. Huseynova

Ph.D. student of Azerbaijan Cooperation University

   

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Lala. Jabbarlı

Ph.D. student of the Agricultural Economics Research Center

   

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Nigar. Gasimova

Agricultural Research Center, senior specialist

   

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Vahid. Amrahov

Azerbaijan State Agricultural University

  Ph.D., docent  

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Hamza. Khalilov

Agricultural Economics Research Center, Advisor to the director

  prof, dr  

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Javahir. Allahverdiyeva

Azerbaijan State Agrarian University

  senior lecturer  

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. Shahla

Baku State University

   

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Esmira. Latifova

Director Adviser, Agricultural Economics Research Center