Morocco’s Government Cites Global Trends for Rising Food Prices

During the discussions on the finance law in parliament, Faouzi Lakjaâ stated that the current government, which has not completed a month, cannot be held responsible for the rise in food prices observed on the market.

To support his thesis, the minister cited the price index, which increased by 8% in Morocco due to a sharp 7.1% increase in transportation costs. Food products also recorded a slight increase of 0.7%. "These are the figures and this is the reality," he said.

Referring to a widespread situation, he noted the consumer price index in America, which increased by 5.4% and by 3.4% in the euro zone in September last, adding that these rates are the highest in the world over the past ten years.

According to him, "the factors behind the current rise in food prices are linked to the global situation. They have a circumstantial nature, mainly due to a stronger global economic recovery than before, and a rise in energy prices."