IJSRP, Volume 10, Issue 3, March 2020 Edition [ISSN 2250-3153]
Rabiu Maijama’a, Kabiru Saidu Musa, Muktari Yakubu and Shaibu Hassan Usman
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.