HCP: Slight rise in consumer prices in January

The High Commission for Planning (HCP) reported a slight increase (0.1%) in the consumer price index (CPI) during the month of January 2021, compared to December 2020.

In an information note on the CPI for the month of January 2021, the HCP explains that this variation is the result of the stagnation of the food product index and of the 0.2% increase in the food index. non-food products.

It thus notes that the increases in food products observed between December 2020 and January 2021 mainly concern “Fish and seafood” with 2.1%, “Oils and fats” with 1.5% and “Mineral water, drinks. refreshments, fruit and vegetable juices ”with 0.3%.

On the other hand, he noted, prices fell by 1.0% for “Vegetables” and 0.6% for “Fruits” and for “meats”. For non-food products, the increase mainly concerned the prices of “Tobacco” with 2.3% and “Fuels” with 2.5%.

By city, the largest increases in the CPI were recorded in Kenitra with 0.7%, in Safi with 0.6%, in Tétouan and Errachidia with 0.4%, in Meknes with 0.3% and in Casablanca and Tangier with 0.2%, while decreases were recorded in Dakhla with 0.6%, in Laâyoune with 0.5% and in Guelmim and Beni-Mellal with 0.4%.

Comparing these data with the same month of the past year, the HCP observes that the consumer price index recorded stagnation during the month of January 2021, as a consequence of the decline in the food index. 0.8% and the increase in non-food products by 0.6%, while the variations recorded for non-food products range from a decrease of 0.4% for “leisure and culture” to 1.7% increase for “Education”.

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Thus, he notes, the underlying inflation indicator, which excludes products with volatile prices and products with public prices, would have known during the month of January 2021 an increase of 0.2% compared to in December 2020 and 0.4% compared to January 2020.

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