This study investigate the impact of petroleum pump price and interest rate on food prices in Nigeria using an autoregressive distributed lag (ARDL) model covering the period 1984 -2018. The results showed that petroleum pump price and lending interest rate have positive and significant impact on food prices in both the long-run and the short-run whereas imports of goods and services appeared to be negative and significant in explaining changes in food prices in the long-run but is insignificant in the short-run. The exchange rate is insignificant in explaining changes in food prices in both the long-run and the short-run periods.
Rabiu Maijama’a, Kabiru Saidu Musa, Muktari Yakubu and Shaibu Hassan Usman (2020); Petroleum Pump Price And Interest Rate On Food Prices In Nigeria: Ardl Approach; International Journal of Scientific and Research Publications (IJSRP)
10(03) (ISSN: 2250-3153), DOI: http://dx.doi.org/10.29322/IJSRP.10.03.2020.p9930