THE EFFECT OF INFLATION ON INCOME & WEALTH DISTRIBUTION OF THE NATION
[A CASE STUDY OF THE PETROLEUM TRAINING INSTITUTION (PTI) EFURU WARRI]
TABLE OF CONTENTS
1.0 Background of study.
1.1 Statements of problem.
1.1 Objective of the study.
1.2 Significance of the study
1.4 Scope and limitation of the study
2.0 Review of literature
2.1 Meaning of inflation
2.2 Types/causes of inflation
2.3 Peryas, Veness of inflation
2.4 Brief history on world inflation
2.5 Brief history on Nigeria inflation
2.6 Inflation and economic development
2.7 Effects of inflation on savings
2.81 Effects of inflation on exports
2.82 Effect of inflation on import.
RESEARCH DESIGN AND METHODOLOGY
3.0 Source of data
3.1 Secondary of data
3.1.2 Questionnaire design
3.1.3 Sample size determination
3.2 Methods of investigation
3.3 Method of questionnaire distribution
4.0 PRESENTATION AND ANALYSIS OF DATA
5.0 Summary of findings recommendations, conclusions and areas of further research
5.1 Summary of findings
5.4 Areas of further research.
1.1 BACKGROUND OF STUDY
Inflation is neither new in the economic system of Nigeria nor the world at large. Variations in magnitude or rates have been noticed to be in existence.
In Nigeria the rate of inflation was about 10 percent between 1969 and 1970. Prices rose by about 14 percent in 1970 (immediately after the civil war of 1970). Then fell to 3 percent in 1972. Rose by about 16.1 percent in 1974 and reached a rate of about 34 percent increase in 1975.
In the 80’s, the rate of inflation between 1908 and1982 was around 30 percent with the rest of the 80’s at the rate of 40% averagely.
The 90’s were at the rate of 40 to 50% between 1990 to 1992 and then 1994 rate was officially put at above 60 percent. Inflation was and is still the greatest task to government’s policymakers in the 1990’s.
In the world, between 1979-1801, prices rose by more then 50 percent. Also between 1939-1941, the prices level was record to be almost what it was before.
The height of Herry V111’s debasement in England (through the mint reducing the weight of remitted coins, lowering their gold and silver content, and increasing the normal value of existing coins by assigning them higher values as well as melting down plate and ornament taken from the ransacked