Consumer price index increases by 0.2% in November, HCP

Consumer price index increases by 0.2% in November, HCP
Monday 20 December 2021 - 18:40

The consumer price index (CPI) recorded an increase of 0.2% in November, compared to the same month of the previous year, according to a note by the High Commission for Planning (HCP).

This change comes as a result of an increase in the non-food products index by 0.3%, and a decrease by 0.1% in the food products index.

The inflation indicator increases 0.3% on a monthly basis, and 2.9% on a year, said the note.

Drops were mainly experienced in food products between October and November, including “Fruits”, dropping by 7.2%, ahead of “Fish and fruits of sea” by 1.9%, and“ Meats ”with 0.1%.

On the other hand, prices increased by 2.0% for “Vegetables”, 1.7% for “Oils and fats”, and 0.8% for “Milk, cheese and eggs.”

For non-food products, the rise concerned mainly the prices of Fuels, up by 3.1%.

As for the increases of CPI by cities, the most significant increases were recorded in Marrakech with 0.8%, ahead of Casablanca and Dakhla with 0.4%, Meknes and Settat with 0.3%, Agadir, Fes, Laayoune and Guelmim with 0.1%.

On the other hand, decreases were recorded in El-Hoceima with 0.9%, followed by Tetouan and Beni-Mellal with 0.5%, and Kenitra with 0.2%.

Compared to the same month of last year, the CPI recorded an increase of 2.6% in November, as a result of a rise in the food index by 2.8%, and an increase in non-food products by 2.4%.

For non-food products, variations range from a decrease of 0.3% in “communication” to an increase of 7.1% in “Transport”.

The CPI, which excludes products at volatile prices, and products set at public prices has recorded an increase by 0.3% compared to October 2021, and up by 2.9% compared to November 2020.

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