Morocco’s inflation rate remains high, reaching a new peak at the end of August with an increase of 8% compared to last year, according to the latest figures from the country’s High Commission for Planning (HCP).
August’s increase in the Consumer Price Index (CPI) is 0.3% higher than July’s, the HCP noted, attributing this increase to the 1.5% rise in the index of food products and the 0.5% decrease in the index of non-food products.
The increases in food products observed between July and August 2022 concern mainly fruit with 9.6%, fish and seafood with 2.2%, as well as milk, cheese, and eggs with 1.4%.
This is in addition to vegetables, coffee, tea, and cocoa, which increased by 1.1%, meat by 1.%, oils and fats by 0.5%, and sugars, jams, honey, chocolates, and sweets by 0.4%. For non-food products, the decline has mainly affected the Prices of fuels by 10.1%, the HCP reported.
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According to HCP’s data, the largest increases in the consumer price index were recorded in Beni-Mellal with 1.3%, in Al-Hoceïma with 1.1%, and in Agadir and Safi with 0.9%.
This increase was also seen in Oujda and Tetouan with 0.8%, in Tangier and Laayoune with 0.6%, in Guelmim with 0.5%, in Meknes with 0.4%, in Fes with 0.3%, and in Casablanca with 0.2%.
However, decreases were recorded in Settat with 0.6%, Rabat and Errachidia with 0.4%, and Marrakech with 0.2%, the HCP highlighted.
Compared to the same period last year, the consumer price index recorded an increase of 8%. The HCP attributed this growth to a 14.1% increase in the index of food products and a 4% increase in the index of non-food products.
SOURCE: Morocco news
