Consumer prices rise 1.5% in June

The consumer price index (CPI) rose 1.5% in June 2021, compared to the same month a year earlier, according to the High Commission for Planning (HCP).

This development is explained by the increase in the food index by 0.9% and that of non-food products by 2%, indicates the HCP in a note on the CPI for the month of June 2021.

For non-food products, the variations range from a decrease of 0.3% for “communication” to an increase of 7.1% for “Transport”, notes the same source.

On a monthly basis, the CPI experienced a decline of 0.7% in June. This variation is the result of the decline of 1.9% of the index of food products and of the increase of 0.1% of the index of non-food products.

The decreases in food products observed between May and June 2021 mainly concern “Fish and seafood” and “Fruits” with 6.9%, “vegetables” with 6%, “Milk, cheese and eggs” with 1 , 1% and “Meats” with 0.7%.

On the other hand, prices increased by 0.9% for “Oils and fats” and by 0.3% for “Coffee, tea and cocoa”. For non-food products, the increase mainly concerned “fuel” prices with 1.2%.

By cities, the most significant drops in the CPI were recorded in Al-Hoceima with 2.3%, in Safi with 1.9%, in Beni-Mellal with 1.5%, in Errachidia with 1.2% , in Fez with 1.1%, in Oujda and Tétouan with 1%, in Marrakech with 0.9% and in Casablanca, Laâyoune, Dakhla and Settat with 0.7%.

The underlying inflation indicator, which excludes products with volatile prices and products with public tariffs, would have known during the month of June 2021 an increase of 0.1% compared to the month of May 2021 and of 1 , 3% compared to June 2020.

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