A Quantitative Study of Nigerian Consumers’ Perceptions of Inflation and Its Impact (2023–2024)

Abdullahi Ya’u Usman and Saidu Ibrahim Halidu
Additional contact information
Abdullahi Ya’u Usman: ANAN University Kwall, Nigeria
Saidu Ibrahim Halidu: ANAN University Kwall, Nigeria

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 5, 3217-3227

Abstract: This study investigates Nigerian consumers’ perceptions of inflation and its impact on household welfare, drawing on data from an online survey administered via WhatsApp and Facebook between 23 July and 4 August 2024. A total of 163 valid responses from adult Nigerians across diverse demographic groups were analysed. Composite indices were constructed for perceived inflation (mean = 4.21 on a 5-point scale), coping strategies (mean = 2.87 on a 4-point scale), and welfare impact (mean = 3.78 on a 5-point scale). Inferential analyses revealed that female respondents reported significantly higher perceived inflation than males (t (161) = 2.32, p = .022), while age, education, employment status, and income did not yield significant differences. Pearson correlation demonstrated moderate positive associations between perceived inflation and coping behaviours (r = .48, p

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... ssue-5/3217-3227.pdf (application/pdf)
https://rsisinternational.org/journals/ijriss/arti ... ts-impact-2023-2024/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:9:y:2025:issue-5:p:3217-3227

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().