International records / OpenAlex research

Microeconomic Determinants of Rising Food Prices in Nigeria- An Analytical Perspective

This study examines the microeconomic determinants of rising food prices in Nigeria from an analytical perspective, focusing on inflation, exchange rate fluctuations, agricultural policies, and psychological behaviours. The study highlights the complex interplay between cost-push inflation, wage-price spirals, and currency depreciation, which contribute to rising food prices, particularly in import-dependent economies like Nigeria. The depreciation of the Nigerian naira increases the cost of imported food items, exacerbating inflationary pressures and leading to higher domestic food prices. Ps…