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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

45499 ­ ­ 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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Yunus. Sadigov

Azerbaijan National Academy of Sciences, Institute of Economics, Lead Researcher

  Ph.D., docent  

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Yusif. Akhundov

Ph.D. student of the Agricultural Research Center

   

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Bagish. Ahmadov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Mekhman. Rzayev

Sumgait Chemical-Industrial Park

  doctor of agrarian sciences  

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Samira. Akbarova

Ph.D. student of Azerbaijan Technological University Lecturer at Mingachevir State University

   

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Zohra. Abbasova

Ph.D. student of the Agro Researches Center

   

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Isak. Hasanov

Head of Shamkir Support Point

   

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Farman. Guliyev

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Ulker. Mammadova

Ph.D. student of the Azerbaijan Cooperation University

   

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Teymur. Nagibeyli

Ph.D. student of the Agricultural Economics Research Center

   

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Khayyam. Javadzadeh

Azerbaijan State University of Economics, UNEC

  Ph.D., docent  

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Akif. Aghbabali

Baku State University

   

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Elnara. Kazimova

Azerbaijan State Agrarian University

  senior lecturer  

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Abrehet. Mehari

Lecturer in Ethiopia Civil Service University, Ethiopia, Addis Ababa; Ph.D. candidate in Azerbaijan State University of Economics

   

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Sarvan. Jafarov

Ph.D. student of the Agricultural Economics Research Center

   

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Eldar. Guliyev

Agricultural Economics Research Center

  Ph.D., docent