Consumer price index up 7.2% in June

The Consumer Price Index (CPI) recorded in June 2022, an increase of 7.2% compared to the same month of the previous year, according to the High Commission for Planning (HCP).

This increase is the consequence of the increase in the index of food products by 10.6% and that of non-food products by 4.9%, explains the HCP in a note relating to the CPI for the month of June.

For non-food products, the variations range from an increase of 0.2% for “Health” to 17.6% for “Transport”, says the same source. On a monthly basis, the CPI increased by 0.5% in June. This variation is the result of the rise of 0.1% in the index of food products and 0.8% in the index of non-food products. The increases in food products observed between May and June 2022 mainly concern “Oils and fats” with 2.7%, “Milk, cheese and eggs” (2.1%), “Mineral waters, refreshing drinks, fruits and vegetables” (0.8%) and “Coffee, tea and cocoa” (0.4%), said the same source.

On the other hand, prices fell by 3.1% for “Vegetables”, by 2.4% for “Fish and seafood”, by 0.2% for “Fruits” and by 0.1% for meats “. For non-food products, the increase mainly concerned “Fuel” prices with 9.2%.

The largest increases in the CPI were recorded in Meknes and Beni-Mellal with 0.9%, in Casablanca and Marrakech with 0.8%, in Tetouan and Laâyoune with 0.7%, in Agadir and Oujda with 0. .6% and in Kenitra, Rabat, Guelmim and Settat with 0.5%. On the other hand, a drop was recorded in Fez with 0.7%.

Under these conditions, the core inflation indicator, which excludes products at volatile prices and products at public prices, would have increased by 0.8% in June 2022 compared to May. 2022 and 6.4% compared to June 2021.

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