摘要：Food crisis and price fluctuation are among the major policy issues at global, regional and local food markets. This is due to their economic cost and welfare effect on individual economic agents. In this paper, we surveyed 400 households in Sokoto to ascertain their perception of the causes/determinants of food price fluctuations and how their wellbeing is affected by these fluctuations using the percentage method. On the demand side, households attached much importance to income level, festivities, and taste, while oil price, cost of fertilizer and cost of other inputs represent the key determinants on the supply side factors. Furthermore, on the exogenous factors, exchange rate, food policy, and hoarding are the main external amplifiers that drive food price in the local food markets. However, purchasing power, health, and nutritional status, and investment opportunities are the key indicators of households' quality of life that are affected by food price dynamics with an average of 82% perception rate. Our findings signalled to the fact that myriad of factors determine the behavior of food price fluctuations which affect a household's quality of life, especially for middle and low-income earners. Therefore, a holistic framework that accommodates both endogenous and exogenous factors that drive food price at both micro and macro levels becomes imperative.
