Inflation in Nigeria: An In-depth Quantitative Analysis of Determinants (1981-2014)

Abstract

Prominent among the obstacles facing the performance of the Nigerian economy are the determinants of inflations.  This study purposively chosen fiscal deficit, exchange rate, money supply consumer price index and interest rate among numerous determinants of inflation in Nigeria. Price instability (inflation) has been found to affect economic growth, the standard of living likewise the value of the currency, which in turn influences the nation’s exchange rate. The major issue of discourse therefore in developing countries such as Nigeria cantered on discovering its (inflation) trend and determining factors.