
Morocco's Consumer Prices Jump 2.2% in July, Food Costs Lead Inflation Surge
The consumer price index (CPI) experienced an increase of 2.2% in July compared to the same month last year.

The consumer price index (CPI) experienced an increase of 2.2% in July compared to the same month last year.

As Eid al-Adha approaches, sheep prices have soared compared to last year. Yet the supply far exceeds the demand.

Casablanca and Rabat, two Moroccan metropolises, are among the least expensive destinations on the planet for Westerners. This is revealed by the annual survey on the cost of living in 500 major cities around the world.

It is the feeling that informs about the social situation of Moroccans. Half of them consider themselves poor while, in reality, the absolute poverty rate is now only 1.2%.

Urban households have a much higher income than rural households in Morocco. This is revealed by the latest survey by the High Commission for Planning (HCP) on "Household Incomes: Levels, Sources and Social Distribution".

The consumer price index (CPI) experienced a slight increase in February 2021. This increase is 0.3% compared to the same period in 2020.

For the month of January 2021, the subsidy on butane gas and sugar reached 1.196 billion dirhams (MDH) compared to 1.236 billion dirhams in January 2020. This is what the recent information bulletin from the Compensation Fund indicated.

The consumer price index (CPI) increased by 1.3% during the month of October 2020. These details were provided by the High Commission for Planning (HCP).

Pending the implementation of the unified social register in 2022, the Moroccan government will continue to subsidize basic necessities including liquefied butane gas. An envelope of 12.5 billion dirhams has been allocated in 2021 to the compensation fund.

A 0.3% increase in the consumer price index (CPI) was recorded in September 2020, according to the High Commission for Planning (HCP).

The slight recovery in national activity has not been able to maintain household confidence. Household morale is at its lowest level according to the results of the survey of the High Commission for Planning (HCP).

Prices have risen in most Moroccan cities during the month of August, according to the HCP information note, which also shows declines for some products.