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Comparative Analysis of Some Selected Domestic Commodities Using Four Methods of Price Index (A Case Study of Taraba State for Period Of 2008-2016)

Author

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  • Okorie Charity Ebelechukwu
  • Gladys Andrew
  • Ben Johnson

    (Department of Mathematics and Statistics, Federal University Wukari, Nigeria)

Abstract

This research work focuses on the use of price indices to compare prices of some selected domestics commodities in Taraba state. Secondary data were collected, from the Statistical year book, Taraba State. The data were analyzed using Lapierre’s, Paasches, Wabash’s and Kelly’s price indices. In the analysis we observed that there was an increase of about 5.7% in prices of commodities in 2010 also an increase in prices of about 86.31% in 2016 and a little decreases in prices of commodities in 2009, 2011 to 2015.

Suggested Citation

  • Okorie Charity Ebelechukwu & Gladys Andrew & Ben Johnson, 2019. "Comparative Analysis of Some Selected Domestic Commodities Using Four Methods of Price Index (A Case Study of Taraba State for Period Of 2008-2016)," Biostatistics and Biometrics Open Access Journal, Juniper Publishers Inc., vol. 9(4), pages 81-85, April.
    • Handle: RePEc:adp:jbboaj:v:9:y:2019:i:4:p:81-85
    DOI: 10.19080/BBOAJ.2019.09.555766
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    References listed on IDEAS

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    1. von der Lippe, Peter, 2014. "The Stochastic Approach to Index Numbers: Needless and Useless," MPRA Paper 60839, University Library of Munich, Germany.
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