GROUP RESEARCH CONDUCTED

BY
NJESAM AKPAMA
CHARLES OFUKA NDIFON
STEPHEN NNIGA
EKPENYONG EKPO-OBO EKPO
DEPARTMENT: LEISURE AND TOURISM MANAGEMENT.
INSTITUTE OF TECHNOLOGY AND MANAGEMENT, UGEP
CROSS RIVER STATE, NIGERIA.
CUSTOMER PRICE INDEX (CPI) OF YAKURR LOCAL
GOVERNMENT AREA CROSS RIVER STATE TO BE
PRESENTED TO THE STATE BUREAU OF STATISTICS IN
CALABAR.

INTRODUCTION
The Consumer Price Index (CPI) is an indicator of changes in consumer
prices experienced by Yakurr Local Government Area (LGA). It is acquired
by contrasting, after some time, the cost of a fixed basket of goods and
services purchased by customers. Since the basket contains goods and
services of unchanging or equivalent quantity and quality, the index
reflects only pure price change.
The CPI is broadly utilized as an indicator of the change in the general level
of customer prices or the rate of inflation. Since the purchasing power of
money is affected by changes in prices, the CPI is valuable to all Yakurr.
Customers can compare movements in the CPI to changes in their personal
income to monitor and evaluate changes in their financial situation.
The CPI also has a number of specific applications which are:
It is utilized to escalate a given dollar esteem, after some time, to
safeguard the acquiring force of that esteem. In this manner, the CPI
is generally used to alter contracted payments, for example, wages,
rents, leases and child or spousal support allowances. Private and
public pension programs (Old Age Security and the Yakurr Pension
Plan), personal income tax deductions, and some government social
payments are likewise escalated using the CPI.
It is used as a deflator of different economic aggregates, either of
income flows, to get constant dollar estimates of income, or of
expenditure flows, to acquire personal expenditure at a steady prices.
It is used to set and monitor the implementation of economic policy.
Business analysts and economists analysts utilize the CPI for
economic analysis and exploration on different issues, for example,
the circumstances and effects of inflation, and understanding regional
disparities in price movements.
Price movements of the goods and services represented in the CPI are
weighted by relative significance of products and services in the total
expenditure of customers. Every goods and services is thought to be a
component in a basket representative of customers spending, and price

movements are allocated a basket share with the proportion of total

consumption expenditure they account for. (CPI, 2016)
TARGET POPULATION
The target population of the CPI comprises of families and people living in
and rural private households in Yakurr Local Government Area, Cross River
State. People living in collective households, for example, individuals from
common provinces, prison inmates, and chronic care patients in hospitals
and nursing homes are excluded from the target population. (Students in
advanced education programs living full-time in residence are not
considered to be living in collective households and are part of the target
population. Students are not a part of their guardians' households if they
live less than 30 days a year with them.) Also prohibited are foreigners
from different countries and their families.
These report tends to draft out the Customer Price Index (CPI) of Yakurr
Local Government Area of Cross River State, Nigeria showing the planning
of Customer Price Index (CPI), imputation and construction of weighting
diagram (table), statistical analysis and calculations, graphical
representation. (CPI, 2016)

1
2
3
4
5

1
1
1
1
1

6
7

1 bag
1
sache
t
1supe
r
packe
t
1
sache
t
1 tin

10
11
12

13
14

15
16

cub
cub
cub
bag

1
1
portio
n
1
bowl
1
packe
t
1 cub
1
bottle

February
price
( )

December
price

November
price

October
Base

( ) January
price

FOOD
STUFFS

price

Items

Quantity/
size

S/N

Consumpt
ion goods

IMPUTATION AND CONSTRUCTION OF WIGHTING DIAGRAM (TABLE)

Rice
Beans
Yam
Garri
Semovi
ta
Wheat
Spaghe
tti

50
50
250
20
1200

60
50
250
20
1200

60
60
250
20
1300

60
60
370
30
1350

60
60
370
30
1350

1200
120

1200
120

1300
140

1350
140

1350
140

Indomi
e

50

50

60

60

60

Salt

50

50

50

60

60

Tin
tomato
Ice fish
Meat

30

30

30

40

40

200
500

200
500

250
1200

300
1200

250
1200

crayfish 500

500

500

1000

1000

Maggi

300

300

350

350

350

Pepper 70
Palm oil 250

70
250

100
300

100
300

100
300

BEVERAG
ES
17

1
sache
t
1 tin
1
packe
t
1
packe
t
1 tin

18
19

20

21
22

1
bottle
1
rubbe
r
1
bottle
1
bottle
1
rubbe
r
1
1

23

24
25
26

27
28

Milo

600

600

600

800

800

milk
Sugar

900
150

900
150

900
150

1200
260

1200
260

Corn
flakes

500

500

500

600

600

Blue
band
Bama

380

380

380

495

495

600

600

600

750

750

Custard 800

800

800

1500

1500

Whisky

1300

1300

1500

1500

1500

Gulder

250

250

300

300

300

Cock

100

100

120

120

120

Bread
Golden
morn

200
420

200
450

250
450

300
550

300
550

Mascar
a
Lipgloss
Eye
liner
Founda

200

200

200

200

200

150

150

150

150

150

200

200

200

200

200

250

250

250

250

250

COSMETI
CS
29

30

31

32

33

34

35
36

1
1

37
38

1
1
perfu
me

tion
Eye
shadow
Eyebro
w
pencil
Lipstick
Loose
powder
Rexona
Pyrami
d

500

500

500

500

500

200

200

200

200

200

250
500

250
500

250
500

250
500

250
500

500
300

500
300

500
600

750
600

750
600

50

50

50

60

60

250

250

250

250

250

10

10

10

10

10

30

30

50

50

50

50
50

50
50

50
50

50
100

50
100

150

150

150

150

150

100

100

120

120

120

50
200

50
200

60
250

60
250

60
250

200

200

250

250

250

300

300

300

370

370

TOILETRI
ES
39
40
41
42

43
44
45
46
47
48
49

50

Toothbr
ush
1
Tooth
cleaner
1
Razo
blade
1
Shaving
stick
(BIG)
1
Comb
1
Hair
brush
1
Shamp
oo
1
Eva
soap
1
Tissue
1
Always
pad
1hair Afro
cream Americ
a
1body Pears
cream lotion

TOTAL

N
N
N17,46 N
N
15,530 15,345 0
20,365 20,41
5

STATISTICAL ANALYSIS AND CALCULATION

In =Total cost of a fixed basket of goods in the current period (November)

Total cost of the same basket in the base period (October)

In =

qo Pn 100
qo Po

In =

15345
100
15530

In = 98.8%
In = 98.81- 100
In = - 1.19

In =Total cost of a fixed basket of goods in the current period (December)

Total cost of the same basket in the base period (November)

In =

qo Pn 100
qo Po

In =

17460
100
15345

In = 113.8%
In = 113.8 - 100
In = 13.8

In =Total cost of a fixed basket of goods in the current period (January)

Total cost of the same basket in the base period (December)

In =

qo Pn 100
qo Po

In =

20365
100
17460

In = 116.64%
In = 116.64 - 100
In = 16.64

In =Total cost of a fixed basket of goods in the current period (February)

Total cost of the same basket in the base period (January)

In =

qo Pn 100
qo Po

In =

20415
100
20365

In = 100.25%
In = 100.25 - 100
In = 0.25

CONSUMER PRICE INDEX (CPI) FOR YAKURR LGA

0.25 1.19

NOVEMBER

DECEMBER

16.64

JANUARY

FEBRUARY

13.8

CONCLUSION
Having done the research on Consumer Price Index for Yakurr Local
Government Area as a group from November 2015 to February 2016 and
we came to a conclusion that November had a deflation of 98.8%, which
then had an inflation of 113.8% on December, going further to inflate on
January 116.64%, and February had a Deflation of 100.25%, in the
consumer price index of Yakurr.
RESEARCH METHOD
As a group, we came up with an opinion that, rather using a secondary
source to make this research we should rather use the primary source,
whereby we could visit different households to get the information that
would be the best for us.
CHALLENGES
Finance: Money was one of the major challenge since carrying out the
research require field work and needs transportation and feeding.
People Resistance: On our field work, people we went out for
questioning where not in any way ready to converse with us, some were
busy doing their activities while others went as far as sending us out of
their environment for trying to get information from them.
Language problem: It was more challenging when it comes to
communication, this is so because majority of the people in Yakurr do not
understand spoken language and that makes it more challenging to get
any information.
HOW WE TACKLE OUR CHALLENGES
We were determine as a team, and we somehow overcame those
challenges by:
Contributing within ourselves to raise our fare for the field work.
We used an indigene who is also part of our group to interpret their
native language.

 For the people resistance we also used an indigene to communicate

with them fairly, after which we were giving attention to converse
with them.

RECOMMENDATION
Based on our findings so far from the research carried out, it is
recommended that government should regulate the price of goods and
service in the country.
Government should ensure that there is value to the naira which would
help bring down the cost of goods, this is because, if the dollar remains
high, while naira keeps devaluating then too much money would be used to
purchase few foreign goods and that would lead to increase in price.
However, in the course of the research, we discovered that working as a
team and having unity of purpose would lead to positive result and that
determination is the only motivation to perform a given task.

REFERENCE
CPI, (2016). Consumer Price Index (CPI) . [Online]
Available at: http://www23.statcan.gc.ca/imdb/p2SV.pl?
Function=getSurvey&Id=265126
[Accessed 4 March 2016].