International records / OpenAlex research

WHAT DETERMINES FOOD PRICE INFLATION? EVIDENCE FROM NIGERIA

This paper examined the relationship between food price inflation and key demand and supply variables including real gross domestic product, food import and crude oil price for the case of Nigeria. Annual time series data from 1988 to 2017 were investigated via a cointegration and error correction modeling framework to determine the short and long-run dynamics of food inflation. The results indicate that real GDP, food import, and crude oil price were positively related to food price inflation in the long-run. However, real GDP and food import were the key determinants of food price inflation.…