Impact of Inflation on Consumption in Nigeria
Student: Elias Inalegwu Ogwuche (Project, 2025)
Department of Economics and Development Studies
Federal University, Dutsin-Ma, Katsina State
Abstract
ABSTRACT
This study examines the impact of inflation on consumption in Nigeria using time series data from 1990 to 2023. The results of the Zivot and Andrews unit root test indicate that consumption and GDP are non-stationary at levels but become stationary after differencing, while inflation rate is stationary at levels. The study employs a regression analysis to investigate the relationship between inflation and consumption, controlling for other macroeconomic variables. The findings suggest that inflation has a significant negative impact on consumption in Nigeria. The study's results have implications for policymakers, highlighting the importance of price stability in promoting consumption and economic growth. The findings of this study can inform policy decisions aimed at mitigating the adverse effects of inflation on consumption and promoting economic stability in Nigeria.
Keywords
For the full publication, please contact the author directly at: eliasinalegwuogwuche@gmail.com
Filters
Institutions
- Kebbi State University of Science and Technology, Aliero, Kebbi State 6
- Kenule Benson Saro-Wiwa Polytechnic, Bori, Rivers State 18
- Kogi State Polytechnic, Lokoja, Kogi State 4
- Kogi State University, Anyigba 2
- Kwara State College of Health Technology, offa, Kwara State 9
- Kwara State Polytechnic, Ilorin, Kwara State 20
- Kwara State University, Malete, Ilorin, Kwara State 13
- Ladoke Akintola University of Technology, Ogbomoso, Oyo State 39
- Lagos State Poly, Ikorodu, Lagos State 2
- Lagos State University, Ojo, Lagos State 7