The inflation rate in Morocco rose to 7.2% at the end of June, announced the High Commissioner for Planning (HCP).
After 5.9% in April and May, the rate of price hikes is mainly driven up by the sharp rise in food products, which have increased by 11% in 12 months.
Compared to the same month of the previous year, the consumer price index recorded an increase of 7.2% during the month of June 2022 as a result of the increase in the index of food products of 10.6% and that of non-food products of 4.9%.
For non-food products, the variations range from an increase of 0.2% for health to 17.6% for transport
Under these conditions, the underlying inflation indicator, which excludes products with volatile prices and products with public tariffs, would have risen by 0.8% in June 2022 compared to May 2022 and by 6.4% compared to June 2021.
The increases in food products observed between May and June 2022 mainly concern “Oils and fats” with 2.7%, “Milk, cheese and eggs” with 2.1%, “Mineral waters, soft drinks, fruit and vegetable juices” with 0.8% and “Coffee, tea and cocoa” with 0.4%.
On the other hand, prices fell by 3.1% for “Vegetables,” 2.4% for “Fish and seafood,” 0.2% for “Fruit” and 0.1% for “Meat.”
For non-food products, the increase was mainly in the prices of “Fuels” with 9.2%.
The largest increases in the CPI (consumer price index) in June compared to May, were recorded in Meknes and Beni-Mellal with 0.9%, Casablanca and Marrakech with 0.8%, Tetouan and Laayoune with 0.7%, Agadir and Oujda with 0.6% and Kenitra, Rabat, Guelmim and Settat with 0.5%. On the other hand, a decline was recorded in Fez with 0.7%.
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