Morocco’s Consumer Price Index Rises 1.4% in 2021, Driven by Food and Transport Costs

The recorded increase is the result of the increase in the index of food products by 0.8% and non-food products by 1.8%, indicates the HCP in a note on the CPI at the end of 2021. The index of non-food products has seen variations ranging from a 0.2% decline for "Communications" to a 5.9% increase for "Transport", with a 1.7% increase in the underlying inflation indicator compared to the year 2020.

To read: Morocco’s Consumer Prices Edge Up 0.2% in November, Driven by Non-Food Goods

In December 2021, the CPI recorded an increase of 0.1% compared to the same period in 2020, thanks to the 0.1% increase in the index of food products and the index of non-food products. Between November and December 2021, the index of certain food products recorded a significant increase, namely "Vegetables" by 4.7%, "Oils and fats" by 1.4%, "Bread and cereals" by 1% and "Coffee, tea and cocoa" by 0.3%.

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On the other hand, there was a drop in the prices of "Fruits" by 4.4%, "Fish and seafood" by 2.3% and "Meats" by 1.8%. Regarding non-food products, only the prices of "Fuels" recorded a 0.8% decline. Thus, the underlying inflation indicator, excluding volatile and publicly priced products, would have recorded an increase of 0.3% in December 2021 compared to the previous month.