Methodological notes on the computation of consumer price index, inflation rate and GDP deflator in Nigeria.

Simple item page
dc.contributor.authorAwoseyila, A. P.
dc.contributor.authorOkonta, H. N.
dc.date.accessioned2019-04-08T12:04:47Z
dc.date.available2019-04-08T12:04:47Z
dc.date.issued1991-03
dc.description.abstractThe officially published inflation rates for Nigeria have tended to generate a lot of arguments within the academia, the private and the public circles largely because of the feeling that the adopted methodologies for its computation tended to underestimate and or failed to indicate the true changes in real consumer price level. This paper attempts to review and compare the methodology for computing the major price indexes currently in use in Nigeria; Consumer Price Index (CPI) and Gross Domestic Product (GDP) deflator or Implicit Price Index (IPI) and the emergent inflation rates therefrom. It also discusses the problems and shortcomings of the methods, and proffers suggestions for evaluating both the statistical accuracies and interpretations of the outcome (inflation rate estimates) which·emerge from them. The paper is organised into three parts for ease of exposition. Part one explains the methodology for computing the CPI (old and new), the inflation rate and GDP deflator by the Federal Office of Statistics (FOS), while part two analyses methodological and other problems of the indexes. Part three is the summary and conclusion of the paper.en_US
dc.description.provenanceSubmitted by Nneka Ebonka (nebonka@gmail.com) on 2019-02-21T10:14:00Z No. of bitstreams: 1 Methodological notes on the computation of consumer price index, inflation rate and gdp deflator in nigeria.pdf: 312844 bytes, checksum: aec776a9848bc6cf1e0d8212873dca30 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2019-04-08T12:03:32Z (GMT) No. of bitstreams: 1 Methodological notes on the computation of consumer price index, inflation rate and gdp deflator in nigeria.pdf: 312844 bytes, checksum: aec776a9848bc6cf1e0d8212873dca30 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2019-04-08T12:04:38Z (GMT) No. of bitstreams: 1 Methodological notes on the computation of consumer price index, inflation rate and gdp deflator in nigeria.pdf: 312844 bytes, checksum: aec776a9848bc6cf1e0d8212873dca30 (MD5)en
dc.description.provenanceMade available in DSpace on 2019-04-08T12:04:47Z (GMT). No. of bitstreams: 1 Methodological notes on the computation of consumer price index, inflation rate and gdp deflator in nigeria.pdf: 312844 bytes, checksum: aec776a9848bc6cf1e0d8212873dca30 (MD5) Previous issue date: 1991-03en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationAwoseyila, A. P. and Okonta, H. N. (1991). Methodological notes on the computation of consumer price index, inflation rate and GDP deflator in Nigeria. CBN Economic and Financial Review, 29(1), 79-90.en_US
dc.identifier.issn1957 - 2965
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/798
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Department.en_US
dc.relation.ispartofseriesVol. 29;No. 1
dc.subjectConsumer Price Index (CPI),en_US
dc.subjectGross Domestic Product (GDP),en_US
dc.subjectImplicit Price Index (IPI),en_US
dc.subjectNigeria.en_US
dc.titleMethodological notes on the computation of consumer price index, inflation rate and GDP deflator in Nigeria.en_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Methodological notes on the computation of consumer price index, inflation rate and gdp deflator in nigeria.pdf
Size:
305.51 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.61 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Economic and Financial Review