The High Commission for Planning (HCP), reported that the consumer price index (CPI) recorded a year-on-year increase of 3.6% during the month of February 2022.
In an information note relating to the CPI for the month of February 2022, the HCP explains that this increase is the consequence of the rise in the index of food products by 5.5% and that of non-food products by 2 .5%.
For non-food products, the variations range from a stagnation in “communication” to a rise of 6.0% in “Transport”.
Compared to last January, the CPI increased by 0.6% during the month of February 2022. This variation is the result of the 1% increase in the index of food products and 0.3% in the index of non-food products.
The increases in food products observed between January and February 2022 mainly concern “Bread and cereals” with 2.9%, “Oils and fats” (1.5%), “Vegetables” (1%), “Fruits (0.5%) and “Milk, cheese and eggs” (0.4%).
On the other hand, prices fell by 0.1% for “Fish and seafood”.
For non-food products, the increase mainly concerned “Fuel” prices with 5.7%.
The largest increases in the CPI were recorded in Marrakech with 1.3%, in Fez and Tangier with 1.1%, in Oujda with 0.9%, in Guelmim and Beni-Mellal with 0.8% and in Kenitra, Rabat and Tetouan with 0.7%.
However, a drop was recorded in Casablanca and Errachidia with 0.1%.
Under these conditions, the core inflation indicator, which excludes products at volatile prices and products at public prices, would have increased by 0.5% in February 2022 compared to January 2022 and by 3 .5% compared to February 2021.