Statistical Study On Prices And Quantities Of Staple Foods In Imo State (2006-2012)

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ABSTRACT

Rising cost of foodstuffs affect the welfare of majority of Nigerians who live below the poverty line of one dollar per day. The study examined the relative changes in prices of staple foods in Imo State. The study collected secondary data from National Bureau of Statistics (NBS) on the yearly prices and quantities of staple foods in Imo State over a period of seven (7) years (2006-2012) .The Fisher’s Ideal Index was used to analyze the data. The study revealed that prices of staple foods in Imo State increased persistently leading to a high cost of living and a falling standard of living. The study identified the causes of rising cost of transportation, lack of adequate storage facilities, and renting of business premises etc. Appropriate actions aimed at increasing food output and preservation was recommended.

TABLE OF CONTENT

Title page i

Approval page ii

Dedication iii

Acknowledgement iv

Abstract v

Table of Contents vi-vii

CHAPTER ONE

1.0 Introduction 1

1.1 Background of Study 1-2

1.2 Statement of Problems 2

1.3 Aims and Objectives of Study 2-3

1.4 Significance of Study 3

1.5 Scope of Study 3

CHAPTER TWO

2.0 Literature Review 4-6

CHAPTER THREE

3.0 Research Methodology 7

3.1 Method of Data Collection 7

3.2 Method of Data Analysis 7

3.2.1 Index Numbers 7

3.2.2 Price relatives 8

3.2.3 Simple Price Relatives 8-9

3.2.4 Simple Aggregative Price Index 9-10

3.2.5 Weighted Aggregate Price Index 10-11

3.2.6 Fisher’s Ideal Index 11-12

3.3 Problems associated with the construction of index 12-13

numbers.

CHAPTER FOUR

4.0 Data Presentation, Analysis and Interpretation. 14

4.1 Data Presentation 14-15

4.2 Data Analysis 15-17

4.3 Interpretation of Results 17-18

CHAPTER FIVE

5.0 Findings, Conclusion and Recommendation 19

5.1 Findings 19

5.2 Conclusion 19

5.3 Recommendations 19-20

References

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Statistical Study On Prices And Quantities Of Staple Foods In Imo State (2006-2012)

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