COMPARATIVE ANALYSIS OF SOME SELECTED DOMESTIC COMMODITIES USING FOUR METHODS OF PRICE INDEX (A CASE STUDY OF TARABA STATE FOR PERIOD OF 2008-2016)

Abstract

This research work focuses on the use of price indices to compare prices of some selecteddomestics commodities in Taraba state. Secondary data were collected, from the Statisticalyear book, Taraba State. The data were analyzed using Lasepeyre’s, Pa’asches, Wa’aschs andKelly’s price indices. In the analysis we observed that there was an increase of about 5.7% inprices of commodities in 2010 also an increase in prices of about 86.31% in 2016 and a littledecreases in prices of commodities in 2009, 2011 to 2015.