Morocco's Consumer Price Index Rises 1.4% in 2021, Driven by Food and Transport Costs
The consumer price index (CPI) increased by 1.4% in 2021 compared to the previous year, according to the High Commission for Planning (HCP).
The recorded increase is the result of the increase in the index of food products by 0.8% and non-food products by 1.8%, indicates the HCP in a note on the CPI at the end of 2021. The index of non-food products has seen variations ranging from a 0.2% decline for "Communications" to a 5.9% increase for "Transport", with a 1.7% increase in the underlying inflation indicator compared to the year 2020.
To read: Morocco’s Consumer Prices Edge Up 0.2% in November, Driven by Non-Food Goods
In December 2021, the CPI recorded an increase of 0.1% compared to the same period in 2020, thanks to the 0.1% increase in the index of food products and the index of non-food products. Between November and December 2021, the index of certain food products recorded a significant increase, namely "Vegetables" by 4.7%, "Oils and fats" by 1.4%, "Bread and cereals" by 1% and "Coffee, tea and cocoa" by 0.3%.
To read: article 27236
On the other hand, there was a drop in the prices of "Fruits" by 4.4%, "Fish and seafood" by 2.3% and "Meats" by 1.8%. Regarding non-food products, only the prices of "Fuels" recorded a 0.8% decline. Thus, the underlying inflation indicator, excluding volatile and publicly priced products, would have recorded an increase of 0.3% in December 2021 compared to the previous month.
