HCP: 1.8% rise in consumer prices in March
The High Commission for Planning (HCP), indicated that the consumer price index (CPI) increased by 1.8% in March 2022 compared to the previous month.
In an information note relating to the CPI for the month of March 2022, the HCP notes that this variation is the result of the 3.8% increase in the food products index and 0.5% in the index of non-food products.
The increases in food products observed between February and March 2022 mainly concern “Vegetables” with 13.8%, “Fish and seafood” with 6.2%, “Fruits” with 5.2%, “Meat “with 3.5%, “Milk, cheese and eggs” with 2.1%, “Bread and cereals” with 1.9% and “Oils and fats” with 1.2%, notes the HCP, noting that on the other hand, prices fell by 0.2% for “Mineral waters, soft drinks, fruit and vegetable juices”. For non-food products, the increase mainly concerned “Fuel” prices with 8.0%.
By city, increases in the CPI were recorded in Errachidia with 2.8%, in Beni-Mellal with 2.5%, in Settat and Al-hoceima with 2.4%, in Fez, Tetouan and Safi with 2. .3%, in Meknes, Tangier and Laâyoune with 2.1%, in Kenitra and Oujda with 1.9%, in Casablanca with 1.7%, in Dakhla with 1.6%, in Marrakech with 1.4%, in Agadir and Rabat with 1.2% and in Guelmim with 0.7%.
Compared to the same month of the previous year, the consumer price index recorded an increase of 5.3% during the month of March 2022 as a result of the increase in the index of food products by 9.1%. and that of non-food products by 2.8%, underlines the HCP, noting that for non-food products, the variations range from stagnation for “health” and “communication” to an increase of 7.6% For transport “.
Under these conditions, the core inflation indicator, which excludes products at volatile prices and products at public prices, would have increased by 0.5% in March 2022 compared to February. 2022 and 3.9% compared to March 2021, concludes the HCP.
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