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

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  • Abdullahi Ya’u Usman

    (ANAN University Kwall, Nigeria)

  • Saidu Ibrahim Halidu

    (ANAN University Kwall, Nigeria)

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

Suggested Citation

  • Abdullahi Ya’u Usman & Saidu Ibrahim Halidu, 2025. "A Quantitative Study of Nigerian Consumers’ Perceptions of Inflation and Its Impact (2023–2024)," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(5), pages 3217-3227, May.
    • Handle: RePEc:bcp:journl:v:9:y:2025:issue-5:p:3217-3227
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