The average annual Consumer Price Index (CPI) recorded, at the end of 2021, a 1.4% increase from the previous year, indicated the High Commission for Planning (HCP).
According to a note published on January 21 on the CPI for the month of 2021, the increase is attributed to an increase in the index of food products by 0.8%, and that of non-food products by 1.8%.
Among non-food products, variations included a 0.2% decrease for “Communications” and a 5.9% increase for “Transport.”
This would have resulted in a 1.7% rise in core inflation during the year 2021 compared to 2020.
Compared to December of the previous year, the Consumer Price Index recorded an increase of 0.1% during the month of December 2021. The 0.1% increase in the index of food products and the 0.1% increase in the index of non-food products account for this variation.
Among the foodstuffs increasing between November and December 2021, “Vegetables” grew by 4.7%, “oils and fats“ increased by 1.4%, “Bread and cereals” with 1%, and “Coffee, tea and cocoa” with 0.3%.
Meanwhile, the price of “Fruits” fell 4.4%, the price of “Fish and seafood” fell 2.3%, and the price of “Meat” fell 1.8%.
For non-food products, the decline mainly concerned the prices of “Fuels” by 0.8%.
HCP stresses that under these conditions, the core inflation indicator, which excludes volatile prices and products offered at public prices, has increased by 0.3% during the month of December 2021 relative to the prior month.
By geographical distribution, the HCP reports that the most significant increases in the annual CPI were recorded in Beni-Mellal with 2.0%, in Casablanca with 1.9%, in Settat with 1.7%, in Marrakech and Safi with 1.6%, in Errachidia with 1.5%, in Meknes with 1.4% and in Kenitra, Rabat, Tangier and Al-Hoceima with 1.3%.
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