Consumer price index in Morocco rises by 1.8% at end of March, HCP

Consumer price index in Morocco rises by 1.8% at end of March, HCP
MAP
Friday 22 April 2022 - 17:52

The consumer price index rose by 1.8% at the end of March, up compared to the previous month, said the High Commission for Planning (HCP) on Friday.

This increase comes as a result of rises of 3.8% in the food index and 0.5% in the non-food index, specified HCP.

The inflation indicator also rose by 0.5% month-on-month, and 3.9% year-on-year, added the same source.

Additionally, the increases in food products were mainly noticed for Vegetables by 13.8%, Fish and seafood by 6.2%, Fruits by 5.2%, Meat by 3.5%, Milk, cheese and eggs by 2.1%, Bread and cereals by 1.9%, and Oil and fats by 1.2%.

On the other hand, prices have decreased by 0.2% for Mineral waters, soft drinks, fruit, and vegetable juices.

For non-food products, prices of Fuels increased by 8.0%, added HCP.

The largest increases were recorded in Errachidia with 2.8%, ahead of Beni-Mellal with 2.5%, Settat and Al-hoceima with 2.4%, Fez, Tetouan and Safi with 2.3%, Meknes, Tangier and Laayoune with 2.1%, Kenitra and Oujda with 1.9%, Casablanca with 1.7%, Dakhla with 1.6%, Marrakech with 1.4%, Agadir and Rabat with 1.2% and Guelmim with 0.7%.

Compared to the same month of the previous year, the consumer price index recorded an increase of 5.3% in March, as a result of the rise in the food products index by 9.1% and that of non-food products by 2.8%.

As for non-food products, the variations range from stagnation for health and communication to an increase of 7.6% for Transport, added HCP.

The inflation indicator, which excludes products with volatile prices and products set at public fixed tariffs, rose by 0.5% in March, compared to the previous month, and by 3.9% compared to the same period last year, concluded HCP on its note.

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