It said this on Wednesday in Abuja, in the “Commodity Price Indices and Terms of Trade for Quarter Two, 2021” published on its website.
The NBS also said that between April and May, the all-commodity group import price index grew marginally by 0.12 per cent. “This was offset by a decrease in the prices of live animals, animal products , animal and vegetable fats and oils and cleavage and mineral products .” The NBS explained that Terms of Trade represents the ratio between a country’s export prices and its import prices.
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