Statistical Study On Prices And Quantities Of Staple Foods In Imo State (2006-2012)

ABSTRACT Rising cost of foodstuffs affect the welfare of majority of Nigerians who live below the poverty line of one dollar per day. The study examined the relative changes in prices of staple foods in Imo State. The study collected secondary data from National Bureau of Statistics (NBS) on the yearly prices and quantities of staple foods in Imo State over a period of seven (7) years (2006-2012) .The Fisher’s Ideal Index was used to analyze the data. The study revealed that prices of staple foods in Imo State increased persistently leading to a high cost of living and a falling standard of living. The study identified the causes of rising cost of transportation, lack of adequate storage facilities, and renting of business premises etc. Appropriate actions aimed at increasing food output and preservation was recommended.   TABLE OF CONTENT Title pagei Approval pageii Dedicationiii Acknowledgementiv Abstractv Table of Contentsvi-vii
CHAPTER ONE 1.0Introduction     1 1.1   Background of Study             1-2 1.2   Statement of Problems               2 1.3   Aims and Objectives of Study             2-3 1.4   Significance of Study             3 1.5   Scope of Study             3
CHAPTER TWO 2.0   Literature Review            4-6
CHAPTER THREE 3.0Research Methodology     7 3.1     Method of Data Collection     7 3.2    Method of Data Analysis       7 3.2.1   Index Numbers               7 3.2.2   Price relatives               8 3.2.3   Simple Price Relatives               8-9 3.2.4   Simple Aggregative Price Index       9-10 3.2.5   Weighted Aggregate Price Index       10-11 3.2.6   Fisher’s Ideal Index       11-12 3.3      Problems associated with the construction of index             12-13                    numbers.
CHAPTER FOUR 4.0Data Presentation, Analysis and Interpretation.        14 4.1    Data Presentation14-15 4.2    Data Analysis15-17 4.3   Interpretation of Results17-18
CHAPTER FIVE 5.0Findings, Conclusion and Recommendation        19 5.1    Findings19 5.2   Conclusion19 5.3   Recommendations19-20 References