World Crude Oil price, Domestic Fuel Pump prices and Food price Dynamics : Evidence of Asymmetric Pass through Effect in Kenya

dc.contributor.authorMutuku, Cyrus Muthuka
dc.date.accessioned2025-07-23T06:30:12Z
dc.date.available2025-07-23T06:30:12Z
dc.date.issued2023
dc.description.abstractMacroeconomic stability is one of the key policy targets pursued by economic policy makers. One of the important indicators of macroeconomic stability is Inflation measured using the consumer price index. Largely, inflation in Kenya is attributed to soaring food prices or external shocks reflected in world crude oil price. This study therefore sought to understand the dynamic relationship between crude oil prices, domestic fuel pump prices and inflation. The study employed linear and nonlinear Autoregressive Distributed Lag Model (ARDL) to unearth these dynamics. The results reveals existence of asymmetric and symmetric response in pump fuel prices and consumer food prices respectively to world crude oil prices.
dc.identifier.urihttps://ikesra.kra.go.ke/handle/123456789/4373
dc.language.isoen
dc.publisherKenya School of Revenue Administration
dc.subjectWorld crude oil
dc.subjectfood prices
dc.titleWorld Crude Oil price, Domestic Fuel Pump prices and Food price Dynamics : Evidence of Asymmetric Pass through Effect in Kenya
dc.typeArticle

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