Central Bank of Nigeria, Research Department.
Inflation, Nigeria, Price level
This study offers another perspective to the inflationary trend in Nigeria that incorporated monetarist, open economy and structural features of the economy. The main argument is that variation in the parallel market exchange rate was one of the determinants of price level behavior in Nigeria during the period 1971-1995. The volatility of the price level in Nigeria since the advent of the oil boom has been subjected to various analyses.
Masha, Iyabode (2000). New perspectives on inflation in Nigeria. Economic and Financial Review, 38 (2), 34-56.