The Impact of Energy Price Volatility on Inflation in Nigeria
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 02
Abstract
The event of the covid-19 pandemic led to fluctuation in energy prices and different economies are still recovering from the impact of the pandemic. The pandemic also saw a rise in prices which made the cost of living difficult for the common man. This paper investigated the relationship between energy prices and inflation in Nigeria between the years 1985 to 2018. The unit root test performed on the data indicated that the ARDL method be used to analyze the data. The result of the bounds test shows the presence of long run relationship. The long run result shows that energy prices have no impact on inflation in the long run. In the short run the one-year lag of oil price has a negatively significant impact on inflation while, the one-year lag of gas price has a positively significant impact on inflation in Nigeria.
Authors and Affiliations
Leera Lenu Kpagih, Amini Maton-Awaji Clifford, Dr Kingsley Odungweru
Keywords
Related Articles
- EP ID EP706907
- DOI 10.47191/jefms/v5-i2-05
- Views 53
- Downloads 0
Analysis of Financial Ratios to Measure Financial Performance in Internet and Telecommunication Infrastructure Provider Companies in 2019-2021
This study aims to analyze the financial performance achievements of Internet and Telecommunication Infrastructure Providers in 2019-2021 using a financial ratio calculation tool listed on the Indonesia Stock Exchange. T...
Analysis of the Effect of Covid-19 on Stock Prices in IDX30
The Covid-19 pandemic has hit Indonesia since March 2020 until now. This health disaster has affect Indonesia's macroeconomic conditions and the performance of many companies. The study examined the effect of the Covid-1...
Implementation and Assistance of Halal Certificates in the Acceleration and Development of Halal Tourism Products in Indonesia and Bahrain
Halal standard products should be an integral and inseparable part of global trade and economic practices which require international standards and standard quality to gain the trust of consumers across countries. The st...
Fiscal Illusion Phenomena in West Sulawesi Province in 2013-2017 Period
This This research aims to analyze the phenomenon of fiscal illusions on regional financial performance. This research is derived from the website of the Central Bureau of Statistics and sites that provide regional finan...
The Behaviour of Shopeefood Application Users Based on Unified Theory of Acceptance and Use of Technology (UTAUT) Modified Model in Indonesia
The use of the internet has made it easier for people to fulfill their needs and desires optimally. In order to take advantage of the convenience offered by the internet, many people carry out digital transactions using...