Developments in the Retail Market Prices of Selected Consumer Items in Lagos Areas During the Fourth Quarter of 1990

Authors

Central Bank of Nigeria CBN, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Retail Market Prices, Retail Prices, Consumer Items, Lagos Area, Fourth Quarter

Abstract

The retail price of some selected consumer items in the Lagos Area rose marginally during the fourth quarter of 1990. The report of the survey conducted by CBN revealed that the prices of 37 out of the 69 commodities sampled increased when compared to their levels in the preceding quarter. Overall, the index of consumer prices was 2238 (1975=100), representing an increase of 2. 7 per cent over the level in the preceding quarter and 6.8 per cent when compared to the corresponding quarter of 1989 (see Table 1). All components of the consumer basket surveyed exhibited increases in prices, except fuel and light

Author Bio

The authors are staff of the General Economics Statistics Office, Statistical Services Division, Research Department, Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

28

Recommended Citation

Central Bank of Nigeria (1990). Developments in the Retail Market Prices of Selected Consumer Items in Lagos Areas During the Fourth Quarter of 1990. CBN Economic and Financial Review. 28(4), 27-30.