Inflation in Nigeria

proceedings of a National Conference
  • 390 Pages
  • 1.91 MB
  • English

Nigerian Istitute of Social and Economic Research , Ibadan
Inflation (Finance) -- Nigeria, Nigeria -- Economic condi
Statementedited by H.M.A. Onitiri and Keziah Awosika.
ContributionsOnitiri, H. M. A., Awosika, Keziah.
LC ClassificationsHC1055 I54 1982
The Physical Object
Paginationxii, 390 p.
ID Numbers
Open LibraryOL18815526M

The annual inflation rate in Nigeria rose for the seventh straight month to % in March of from % in the previous month. It was the highest inflation rate since April oflargely driven by the effects of the border closure and the new VAT tax rate.

Main upward pressure came from food prices (% vs % in February). rows  Inflation rate (consumer prices) compares the annual percent change in consumer. Nigeria’s inflation has been higher than the average for African and Sub-Saharan countries for years now, and even exceeded 16 percent in –.

The inflation rate in Nigeria jumped from in to percent inpercent inpercent inpercent inpercent inand down to percent in and percent in It further rose steadily to percent inpercent in and rows  The United States and its partners continue to face a growing number of global.

The history of inflation in Nigeria is full of up and down, for example, in the middle of s when there was an oil boom in the economy the rate of inflation goes out of the way and the military government of that time did not help matters with it inflationary policies such as the Udoji awards, that unnecessarily put money in the pockets of.

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Inflation and Incomes Policy in Nigeria by Tayo Fashoyin Inflation in Nigeria book › Visit Amazon's Tayo Fashoyin Page. Find all the books, read about the Inflation in Nigeria book, and more. See search results for this author. Are you an author. Learn about Author Central.

Tayo Fashoyin (Author) ISBN. In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the.

Food Inflation in Nigeria averaged percent from untilreaching an all time high of percent in September of and a record low of percent in January of This page provides - Nigeria Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Nigeria Consumer Price Index (CPI) which measures inflation, increased by % (year-on-year) in March This is % points higher than the rate recorded in February (%) Inflation rose by % in March, higher than the rate (%) recorded in February and % in Januaryrising for the seventh consecutive.

Inflation in an economy may arise from the overall increase in the cost of production. This type of inflation is known as cost-push inflation (henceforth CPI). Cost of pro­duction may rise due to an increase in the prices of raw materials, wages, etc. Often trade unions are blamed for wage rise since wage rate is not completely market.

Nigeria Inflation Rate (Monthly) The Nigeria Consumer Price Index (CPI) which measures inflation, increased by % (year-on-year) in March This is % points higher than the rate recorded in February (%). Core inflation rose from % to % while food inflation increased to % from %. Unemployment and inflation relationship in Nigeria: An empirical analysis of the relationship between unemployment and inflation in Nigeria from to [Umaru, Aminu, Abdulrahman Zubairu, Anono] on *FREE* shipping on qualifying offers.

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Unemployment and inflation relationship in Nigeria: An empirical analysis of the relationship Author: Aminu Umaru, Anono Abdulrahman Zubairu. The paperestimates the impact of interest rate on inflation in Nigeria. The study makes used of Autoregressive Distributed Lag model (ARDL) on time series Data, for the period Nigeria’s growing population is a result of a high fertility rate and increasing life expectancy.

The country ranks 10th among the countries with the highest average birth rate for the time. Chapter pages in book: (p. 1 - 10) Introduction Robert E. Hall The essays in this volume are the product of the NBER'S Project on Inflation and reflect a dozen diverse views on one of the nation's central economic problems.

Our emphasis here is on diagnosis of the causes of inflation and a description of the effects of inflation, not on Author: Robert E Hall. The relationship between oil and inflation started to deteriorate after the s, however. During the s and the Gulf War oil crisis, crude oil prices doubled in six months to around $40 from.

Download determinants of inflation exchange rate and output in nigeria or read online books in PDF, EPUB, Tuebl, and Mobi Format. Click Download or Read Online button to get determinants of inflation exchange rate and output in nigeria book now.

This site is like a library, Use search box in the widget to get ebook that you want. Determinants. The inflation rate in Africa’s largest economy increased to percent from in May, the Abuja-based National Bureau of Statistics said in an e-mailed statement on Monday.

"Inflation target and (a)symmetries in the oil price pass-through to inflation," Post-Print hal, HAL. Elias A. Udeaja & Kazeem Isah, "Revisiting the accuracy of inflation forecasts in Nigeria: the oil price –exchange rate perspectives," Working PapersCentre for Econometric and Allied Research, University of : Tersoo Shimonkabir Shitile, Nuruddeen Usman.

inflation in Nigeria is the necessary condition upon which a lasting solution to inflation can be found in Nigeria. Statement of the Problem Since mid s, inflation has become so serious and contentions a problem so serious and contentious a problem in Nigeria.

Though inflation rate is not new in the Nigerian economic history, the recent File Size: KB. Additional Physical Format: Online version: Fashoyin, Tayo.

Description Inflation in Nigeria FB2

Incomes and inflation in Nigeria. Harlow, Essex, England ; New York: Longman,© The source of data is Central Bank of Nigeria (CBN). The result that there is a negative relationship between inflation rate and exchange rate in Nigeria with F = Also, it was revealed that there is a positive relationship between gross domestic product, inflation rate and exchange rate in Nigeria with F = Inflation: Causes, Costs, and Current Status Congressional Research Service Summary Since the end of World War II, the United States has experienced almost continuous inflation— the general rise in the price of goods and services.

It would be difficult to find a similar period in American history before that Size: KB. "Many emerging market economies experienced a remarkable decline in inflation rates over the last two decades, after years of seemingly intractable high inflation.

Ha, Kose, and Ohnsorge offer the first book-length analysis of this remarkable achievement, asking how it happened, what it tells us about best policy frameworks, and whether it will.

Nigeria CPI All Items YoY. As of 03/31/ EDT Price to Book Ratio--Price to Sales (or monthly) growth rates represent the inflation rate. When inflation increases, purchasing power declines, and each dollar can buy fewer goods and services.

For investors interested in income-generating stocks, or stocks that pay dividends, the Author: Kristina Zucchi. Additional Physical Format: Online version: Ola, C. Accounting for inflation in Nigeria. Ibadan: Spectrum Books, (OCoLC) Document Type. Ininflation rate for Nigeria was %.

Though Nigeria inflation rate fluctuated substantially in recent years, it tended to increase through - period ending at % in Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or.

In in the United States – just over 30 years ago – a new home in this country cost an average of $76, and the median income was $17, per year. Compare that towhen even after the recent recession, the median home price stood at $, and median household income was $50, per year according to the US Census Bureau.

Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. ByNigeria's inflation stood at 9%. Inthe federal government had expenditures of US$ billion but revenues of only US$ billion, resulting in a budget deficit of 5%.Country group: Developing/Emerging, Lower .Monetary Policy and its Effects on Inflation in Nigeria - - Tonprebofa Okotori - Master's Thesis - Business economics - Banking, Stock Exchanges, Insurance, Accounting - Publish your bachelor's or master's thesis, dissertation, term paper or essay.inflation and the GDP as proxy for economic growth, to examine the relationship.

The scope of the study spanned from to Ordinary least square method and t-test was used to test the variables most likely to impact on economic growth in Nigeria due to inflation. TheFile Size: KB.