After an increase of 7.2% at the end of June, the High Commission for Planning (HCP) announced a further increase in inflation to 7.7% at the end of July.
This rise is driven by the strong increase in food products estimated at 12%, and that of non-food products at 5%.
Compared to the same month of the previous year, the consumer price index rose by 7.7% during July 2022 as a result of the 12% rise in the food index and the 5% rise in the non-food index.
For non-food products, the variations range from an increase of 0.2% for “Health” to 18.3% for “Transport”.
Under these circumstances, the underlying inflation indicator, which excludes products with volatile prices and products with public tariffs, has risen by 6.5% in July 2022 compared to July 2021, according to HCP.
For the month of July, the consumer price index experienced an increase of 0.9% compared to the previous month.
This change is the result of a 1.6% increase in the food index and a 0.5% increase in the non-food index.
The underlying inflation indicator is estimated to have increased by 0.5% in July 2022 compared to June 2022.
The increases in food products observed between June and July 2022 mainly concern “Fruit” with 6.4%, “Fish and seafood” with 5.2%, “Vegetables” with 3.7%, “Milk, cheese and eggs” with 1.9%, “Coffee, tea and cocoa” with 0.7%, “Oils and fats” with 0.5%, “Meat” with 0.4% and “Bread and cereals” with 0.3%. For non-food products, the increase was mainly in the prices of “Fuels” with 4.4%.
The largest increases in the CPI were recorded in Al-Hoceima with 4.9%, Errachidia with 2.2%, Settat with 2.1%, Laayoune with 1.7%, Safi with 1.5%, Kenitra, Tetouan, Dakhla and Guelmim with 1.4%, Beni-Mellal with 1.3%, Tangier with 1.1%, Fez with 0.9% and Marrakech and Rabat with 0.8%.
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