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Month-on-Month analysis of food prices show that average prices of selected food items reduced from December 2017 to January 2018. Precisely, total average month-on-month price decreased from 2.48 percent to 1.19 percent, with reductions in unit prices of items such as eggs, chicken, beef, rice, fish, and palm oil among others. Food prices which remains largely volatile in the short term, may have reduced in the review period due to a slight fall in consumer demand following the end of the festive period. Looking forward, the decline in food prices may be short-lived in the absence of yield-enhancing investments that can sustain food production/supply. Hence, the government should promote policies that alleviate the credit constraints to yield-enhancing investment in the private sector.
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