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The impact of agricultural and food prices on inflation in Аzerbaijan

Nazrin Ramazanova Nizami

nramazanova2018@gmail.com

45535 ­ ­ 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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Vusala. Nagiyeva

Azerbaijan Cooperation University

  Ph.D., docent  

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Samira. Akbarova

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

   

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Konul. Mamedova

Ph.D. student of the Agricultural Economics Research Center

   

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Kenan. Mammadov

Associate Professor, Azerbaijan Technical University

  Doctor of Philosophy in Economics  

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Rena. Musayeva

Department of “Economic Regulation” of Azerbaijan State University of Economics (UNEC)

   

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Elnur. Alakbarov

Dissertant of the Agricultural Economics Research Center

   

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Turan. Hajiyeva

Specialist of the Agricultural Research Center

   

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Said. Mustafayev

Ph.D. student of the Agricultural Research Center

   

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Anar. Malikov

PhD candidate, Azerbaijan Cooperation University

  Phd student  

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Yusif. Abayev

Ph.D. student of the İnstitute of Economics of ANAS

   

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Uhayna. Valehzadeh

Ph.D. student of the Agricultural Research Center Lecturer at Azerbaijan Tourism and Management University

   

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Turana. Mustafayeva

Ph.D. student of Western Caspian University

   

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Bahruz. Nuriyev

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Khayyam. Javadzadeh

Azerbaijan State University of Economics, UNEC

  Ph.D., docent  

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Isak. Hasanov

Head of Shamkir Support Point