Consumer Prices in Morocco increased by 0.4% in July

Consumer Prices in Morocco increased by 0.4% in July
Thursday 19 August 2021 - 12:00

Prices that Moroccans pay for everyday goods and services rose in July by 0.4% compared to the same month of 2020, according to a note published today by the High Commission for Planning (HCP).

This increase is due to the rise in the index of food products more than 2.8% and nonfood products more than 1.8%, according to the report of the High Commission for Planning in Morocco.

The most important increases in the consumer price index were recorded in Al Hoceima 1.8%, Casablanca and Tetouan 0.7%, Marrakech 0.6%, Fez, Safi and Beni Mellal 0, 5%, Meknes 0.4%. And in Kenitra, Rabat, Dakhla and Errachidia with 0.3%, said the HCP note.

Increases in food products between June and July 2021 relate mainly to fish and by 1.3%, meat by 1.0%, oils and fats by 0.9%, vegetables by 0.7%, and coffee cocoa by 0.3%. On the other hand, fruits prices fell by 1.4% and mineral water, soft drinks, fruit and vegetable juices by 0.3%. for non-food products, the increase relates mainly to fuel prices by 3.2% the report indicated.

The same month of the previous year the consumer price index recorded an increase of 2.2% during the month of July 2021 as a result of an increase in the food index by 2.8% and non-food products by 1.8% according to the report of the High Commission for Planning in Morocco.

The core inflation index which excludes products with volatile prices and products with general tariffs would have known during the month of July 2021 an increase of 0.4% compared to June 2021 and 1.7% compared to July 2020.

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