Developments in the Retail Prices of Selected Consumer Items in Lagos Area during the Second Quarter of 1989

Authors

Central Bank of Nigeria CBN, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Retail Price Indices, Consumer Items, Lagos Area, Second Quarter, Nigeria

Abstract

The results obtained from the price surveys of selected consumer items in the Lagos Area during the second quarter of 1989, indicated an upward movement in the prices of most of the items sampled. While some items recorded modest price declines below the level in the first quarter of 1989, these declines were not enough to offset the increases noticed in all the component price indices. Most of the traders interviewed during the surveys attributed the increase in prices mainly to rising costs of production inputs, and transportation as well as excess demand pressures on agricultural commodities.

Author Bio

The authors are staff of the General Economic Statistics Office, Statistics and Econometrics Division, Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

2

Volume

27

Recommended Citation

Central Bank of Nigeria (1989). Developments in the Retail Prices of Selected Consumer Items in Lagos Area during the Second Quarter of 1989. CBN Economic and Financial Review. 27(2), 24-27.