The consumer price index (CPI) recorded, year-on-year, an increase of 8.3% during the month of September 2022, according to the High Commission for Planning (HCP). This development is a consequence of the rise in the index of food products by 14.7% and that of non-food products by 4.4%, explains the HCP which has just published an information note relating to the CPI of September 2022. For non-food products, the variations range from an increase of 0.1% for “Health” to 12.9% for “Transport”, specifies the same source.
On a monthly basis, the CPI increased by 1% during the month of September 2022, following the 1.7% increase in the food products index and 0.6% in the non-food products. The increases in food products observed between August and September 2022 mainly concern “Vegetables” with 7.2%, “Milk, cheese and eggs” (2.7%), “Fruits” (2.6%), “ Meat” (1.4%), “Oils and fats” (1%), “Coffee, tea and cocoa” (0.8%) and “Bread and cereals” (0.5%).
On the other hand, prices fell by 3.6% for “Fish and seafood”. For non-food products, the increase mainly concerned “Fuel” prices with 0.3%.
The largest increases in the CPI were recorded in Beni Mellal with 1.9%, in Errachidia (1.8%), in Rabat and Meknes (1.3%), in Kenitra and Marrakech (1.2% ), in Casablanca and Oujda (1.1%), in Dakhla and Guelmim (0.9%), in Fez and Tetouan (0.8%), in Settat (0.7%) and in Agadir, Tangier, Laâyoune and Safi (0.4%). Conversely, a drop was recorded in Al Hoceima with 1.2%.
Under these conditions, the core inflation indicator, which excludes products at volatile prices and products at public prices, would have increased by 0.8% in September 2022 compared to August 2022 and 7% compared to September 2021.
