The report showed that the average price of a dozen Agric eggs of medium size increased year-on-year by 15.62 percent and month-on-month by 1.46 percent to N518.30 in February 2021 from N510. 84 in January 2021. The average price of a piece of medium-sized Agric eggs increased year-on-year by 20.50 percent and month-on-month by 2.47 percent to N47.35 in February 2021 from N46.21 in January 2021.
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It was also reported that the average price of 1kg of tomato decreased month-on-month by 7.07 percent to N269.18 from its previous average of N289.66 but was still up year-on-year by 11.33 percent.
The NBS also reported a month-on-month decrease in the average price of 1kg of rice (imported high quality sold loose) by 2.57 percent to N537.37, but a year-on-year increase of 21.02 percent.
Also, the average price of 1kg of yam tuber increased year-on-year by 28.11 percent and month on month by 3.47 percent to N242.82 in February 2021 from N234.67 in January 2021.
The consistent year-on-year increase in prices shows that the economy still has a mountain to climb to attain recovery, as short-term improvements keep disappearing in long-term evaluations.
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