Morocco’s consumer price index rises by over 8% at end of October, HCP

The consumer price index (CPI) recorded a year-on-year increase of 8.1% in October 2022, according to the High Commission for Planning (HCP).

The increase comes as a result of the rise in the index of food products by 13.8% and that of non-food products by 4.3%, explained HCP in its recent note on the CPI for October 2022.

For non-food products, the variations range from a rise of 0.1% for Health to 12.6% for Transport, added the same source.

Compared to the previous month, the consumer price index rose by 0.4% at the end of October, resulting from a 0.7% increase in the food index and 0.2% in the non-food index, further stated the same source.

The increases in food products between September and October 2022 mainly concern “Oils and fats” and “Vegetables” with 2.5%, “Milk, cheese and eggs” with 1.7%, “Meat” with 0.7%, “Bread and cereals” with 0.3% and “Sugar, jam, honey, chocolate and sweets” with 0.2%.

On the other hand, prices fell by 2.1% for Fish, seafood and by 2.0% for Fruit. Among the non-food product, the rise was mainly in “Education” with 1.0%, according to the same source.