The consumer price index increased by 0.3% in August 2022 compared to the previous month. This variation is the result of the 1.5% increase in the food products index and the 0.5% drop in the non-food products index.
The increases in food products observed between July and August 2022 mainly concern “Fruits” with 9.6%, “Fish and seafood” with 2.2%, “Milk, cheese and eggs” with 1.4%, “Vegetables” and “Coffee, tea and cocoa” with 1.1%, “Meat” with 1.0%, “Oils and fats” with 0.5% and “Sugars, jams, honey, chocolates and confectionery” with 0.4%.
For non-food products, the decline mainly concerned “Fuel” prices with 10.1%. The largest increases in the CPI were recorded in Beni-Mellal with 1.3%, in Al-hoceima with 1.1%, in Agadir and Safi with 0.9%, in Oujda and Tetouan with 0.8 %, in Tangier and Laayoune with 0.6%, in Guelmim with 0.5%, in Meknes with 0.4%, in Fez with 0.3% and in Casablanca with 0.2%.
On the other hand, decreases were recorded in Settat with 0.6%, in Rabat and Errachidia with 0.4% and in Marrakech with 0.2%.
Compared to the same month of the previous year, the consumer price index recorded an increase of 8.0% during the month of August 2022 as a result of the increase in the index of food products by 14.1 % and that of non-food products by 4.0%. For non-food products, the variations range from an increase of 0.1% for “Health” to 12.8% for “Transport”.
Under these conditions, the core inflation indicator, which excludes products at volatile prices and products at public prices, would have increased by 0.3% in August 2022 compared to the month of July 2022 and 6.6% compared to August 2021.
