Consumer price increase in Morocco in November

The consumer price index (CPI) recorded an increase of 0.2% last November compared to the same month in 2019, according to the High Commissioner for Planning (HCP).

This increase is explained by the rise in the non-food index of 0.4% and the stagnation of the food index, explains the HCP in a November 2020 CPI briefing note.

For non-food products, variations range from a 0.9% drop in “Leisure and culture” to a 1.8% increase in “Education”, adds the same source.

Compared to last October, the consumer price index in November 2020 fell by 0.7%, following a 1.8% fall in the food index and a 0.1% rise in the non-food index. The falls in food products observed between October and November mainly concerned “fruit” with 12.1%, “vegetables” (2.2%), “meat” (2%) and “coffee, tea and cocoa” (0.2%). On the other hand, prices increased by 1.0% for “Fish and seafood” and by 0.4% for “Oils and fats”. In the case of non-food products, the decrease was mainly due to a 0.2% drop in the price of “Fuel”.

The most significant falls in the CPI were recorded in Beni-Mellal with 1.7%, in Safi (1.6%), Errachidia (1.3%), Kenitra and Tetouan (1.2%), Fez (1.1%), Meknes (1%), Marrakech and Tangiers (0.8%), Agadir and Guelmim (0.7%) and Laâyoune and Dakhla (0.6%), the HCP specifies. Under these conditions, the underlying inflation indicator, which excludes volatile price products and products at public rates, would have experienced during the month of November an increase of 0.1% compared to October 2020 and 0.2% compared to November 2019, he concludes.

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