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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

37372 ­ ­ 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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Yusif. Humbatov

Azerbaijan University of Technology

   

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Aygul. Salimova

PhD student of the Agricultural Economics Research Center

   

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Tamraz. Tamrazov

Vegetable Research Institute

   

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Aygun. Salimova

Student of Azerbaijan State University of Economics (UNEC)

   

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Huseynaga. Asadov

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

  Ph.D., ass, pr  

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Javahir. Allahverdiyeva

Azerbaijan State Agrarian University

  senior lecturer  

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Faiq. Gasimli

PhD student of the Agricultural Economics Research Center

   

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Yusif. Akhundov

Ph.D. student of the Agricultural Research Center

   

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Javad. Gojamanov

Ph.D. student of Baku State University

   

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Bahruz. Nuriyev

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Ibrahim. Jafarov

Azerbaijan State Agricultural University

  Corresponding member of ANAS, prof  

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Nizami. Gafarov

Doctor of Science Program of Agro Researches Center

  Ph.D., docent  

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Aydin. Asgarov

Institute of Genetic Resources of ANAS

   

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Emin. Ahmedzadeh

Doctoral student of the Agricultural Research Center

  Doctor of Philosophy in Economics  

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Samir. Agayev

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

   

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Abdulrahim. Dadashov

Ph.D. candidate of UNEC, Agricultural Economics Research Center