Morocco’s Consumer Price Index Rises 0.8% Year-on-Year, Food Costs Drop

According to the HCP, the CPI remained unchanged compared to the previous month, due to the 0.4% drop in the food products index and the 0.4% increase in the non-food products index.

On an annual basis, the CPI, however, recorded a 0.8% increase in August, as a result of the 2.0% increase in the non-food products index and the 1.0% decrease in the food products index.

For non-food products, the variations range from a 0.4% decrease for "communication" to a 6.1% increase for "Transport".

Under these conditions, the underlying inflation indicator, which excludes volatile price products and public tariff products, recorded an increase of 0.2% in August 2021 compared to July 2021 and 1.7% compared to a year earlier.

The largest increases in the CPI were recorded in Agadir with 1%, in Al-hoceima with 0.9%, in Errachidia with 0.6%, in Marrakech with 0.5% and in Tangier with 0.4%, notes the HCP, noting that on the other hand, decreases were observed in Kenitra with 0.7%, in Rabat and Settat with 0.4% and in Fez and Safi with 0.2%.