Why import index rose by 1.07% between April, June, 2021 –NBS

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Why import index rose by 1.07% between April, June, 2021 –NBS


From Isaac Anumihe, Abuja

National Bureau of Statistics (NBS) has said that all-commodity group import index increased by 1.07 per cent between April and June, 2021. This was driven mainly by an increase in the prices of products of the chemical and allied industries (1.40 per cent), wood and articles of wood, wood charcoal and articles (1.37 per cent) paper making material; paper and paperboard articles (1.23 per cent).

The document, published by the bureau, yesterday, also  said that between April and May, 2021, import price index  grew by 0.12 per cent. It  explained that this was due to  marginal increases in the index of products of the chemical and allied industries (0.78 per cent), wood and  articles of wood; wood charcoal and articles (0.72 per cent); paper making material; paper and paperboard (0.44per cent).

“This was offset by decreases in the prices of live animals; animal products ( -0.17 per cent), animal and vegetable fats and oils and cleavage (-0.23 per cent) and mineral products (-0.27 per cent).

Similarly, the all-commodity group export index increased by 0.72 per cent  between April and June 2021 due, mainly,  by an increase in the prices of product of the chemical and allied industries (2.54 per cent).

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This post was written by Rapheal and was first published at www.sunnewsonline.com

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