Morocco’s Consumer Price Index Rises 0.3% in June, Marking Fifth Consecutive Monthly Increase

This is its fifth consecutive monthly increase, after the increases observed in February (0.6%), March (1.8%), April (1.8%) and May (0.3%), the agency said in an information note on the consumer price index for the month of June.

This new trend is driven by the 0.5% increase in the index of non-food products and the 0.1% decrease in the index of food products, it is specified. On a monthly basis, this increase in the CPI is attributable to the 0.6% increase in the index of non-food products and the 0.2% decrease in the index of food products.

Between May and June last year, the food products that experienced an increase were mainly "Oils and fats" (2.7%), "Milk, cheese and eggs" (2.1%), "Mineral waters, refreshing drinks, fruit and vegetable juices" (0.8%) and "Coffee, tea and cocoa" (0.4%). On the other hand, the decreases concerned "Vegetables", "Fish and seafood", "Fruits" and "Meats". Regarding non-food products, the HCP note indicates that the increase mainly concerned the prices of "Fuels" (9.2%).

The largest increases in the CPI were recorded in Meknes and Beni-Mellal (0.9%), in Casablanca and Marrakech (0.8%), in Tetouan and Laayoune (0.7%), in Agadir and Oujda (0.6%) and in Kenitra, Rabat, Guelmim and Settat (0.5%), noting that on the other hand, decreases were observed in the city of Fez (0.7%).