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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

30010 ­ ­ 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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Jubril. Animashaun

Department of Economics, The University of Manchester, UK / Department of Agricultural Economics, University of Ilorin, Nigeria

   

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Zohra. Abbasova

Ph.D. student of the Agro Researches Center

   

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Sadi. Ismayilov

Assistant director of Beylagan RASIC

  Doctor of Philosophy in Economics  

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Натиг. Гаджиев

Doctor of Science Program of Agricultural Research Center

  Ph.D., docent  

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Yusif. Akhundov

Ph.D. student of the Agricultural Research Center

   

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Gurban. Mirzayev

Azerbaijan State Agrarian University

   

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Ismayil. Kheyirkhabarov

Azerbaijan State University of Economics (UNEC)

  Ph.D., docent  

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Chilenay. Abishova

Ph.D. student of the Agricultural Economics Research Center

   

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Esmira. Latifova

Director Adviser, Agricultural Economics Research Center

   

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Ruhiyya. Gambarova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Mushfiq. Tukanov

Ph.D. student of the Agricultural Research Center

   

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Yusif. Humbatov

Azerbaijan University of Technology

   

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Elay. Zeynalli

Azerbaijan State Agrarian University

   

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Yegane. Abbasova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics