Morocco’s Consumer Prices Rise 3.6% in February, with Regional Variations

– byArmel · 1 min read
Morocco's Consumer Prices Rise 3.6% in February, with Regional Variations

Compared to the same month last year, the consumer price index (CPI) for February recorded an increase of 3.6%, according to the High Commission for Planning (HCP). There are disparities between cities in Morocco.

This increase is the result of the 5.5% rise in the food products index and the 2.5% rise in the non-food products index. For non-food products, the variations range from stagnation in communication, to a 6.0% increase in transport, reports the MAP.

From one month to the next, the index has increased by 0.6%. This variation is the result of a 1% increase in the food products index and a 0.3% increase in the non-food products index.

As for the cities, prices have increased in Marrakech (1.3%), in Fez and Tangier (1.1%), in Oujda with 0.9%), in Guelmim and Beni-Mellal (0.8%) and in Kenitra, Rabat and Tetouan (0.7%). However, a decrease was recorded in Casablanca and Errachidia with 0.1%.

The core CPI, which excludes the prices of volatile goods, increased by 0.5% on a monthly basis and by 3.5% year-on-year, the same source points out.