Food prices push inflation in Morocco to exceed 10%

Food prices push inflation in Morocco to exceed 10%
Wednesday 22 March 2023 - 11:08

Consumer prices in Morocco increased by 1.7% in February compared to the previous month, according to the latest data released by the HCP.

This increase was primarily driven by a 3.9% rise in the food index, while the non-food index remained unchanged.

The data shows that the prices of vegetables rose by 17.8%, followed by fruit with 5.7% and meat with 4.3%.

Meanwhile, the prices of fish and seafood decreased by 1.0%. In the non-food category, the prices of fuels dropped by 1.3%.

Regional data reveals that Al-Hoceima had the highest increase in the CPI with 2.6%, followed by Safi and Beni-Mellal with 2.5%.

The cities of Errachidia, Settat, Kénitra, Fez, Oujda, Marrakech, Tangier, Tetouan, Agadir, Rabat, Meknes, Guelmim, Casablanca, and Laayoune also recorded significant increases.

Compared to the same month of the previous year, the consumer price index increased by 10.1% in February 2023, with the food index rising by 20.1% and the non-food index increasing by 3.6%.

The underlying inflation indicator, which excludes products with volatile prices and those with public tariffs, rose by 0.8% in February.

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