The impact of agricultural and food prices on inflation in Аzerbaijan
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Nazrin Ramazanova Nizami |
| Master of Azerbaijan State University of Economics (UNEC) | |
| nramazanova2018@gmail.com |
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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Lotanna. Emediegwu
Department of Economics, The University of Manchester, UK | Department of Agricultural Economics, University of Ilorin, Nigeria | Department of Economics, Policy and International Business, Manchester Metropolitan University, UK
Galib. Sharifov
Head of the Department of Quality Management of "Agro Procurement and Supply" OJSC, ISO standards expert
Doctor of Philosophy in Economics
Javid. Hasanov
Senior specialist, Agricultural Research Center Ph.D. student of the Agricultural Research Center
Savalan. Seyfaddinov
Senior researcher at the Scientific Research Institute of Agriculture Ministry of Agriculture of the Republic of Azerbaijan
Ph.D. in Agrarian Sciences