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Developments In The Retail Prices Of Selected Consumer Items In Lagos Area During The Second Quarter Of 1989, Central Bank Of Nigeria Cbn
Developments In The Retail Prices Of Selected Consumer Items In Lagos Area During The Second Quarter Of 1989, Central Bank Of Nigeria Cbn
Economic and Financial Review
The results obtained from the price surveys of selected consumer items in the Lagos Area during the second quarter of 1989, indicated an upward movement in the prices of most of the items sampled. While some items recorded modest price declines below the level in the first quarter of 1989, these declines were not enough to offset the increases noticed in all the component price indices. Most of the traders interviewed during the surveys attributed the increase in prices mainly to rising costs of production inputs, and transportation as well as excess demand pressures on agricultural commodities.