HCP: The CPI up 2.6% in November 2021

The High Commission for Planning (HCP), indicated that the consumer price index (CPI) recorded an increase of 2.6% during the month of November 2021, compared to the same period of 2020.

In a note on the CPI for the month of November, the HCP explains that this variation results from the increase in the index of food products by 2.8% and that of non-food products by 2.4%.

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

Compared with October 2021, the CPI rose 0.2% last November, resulting from the 0.3% increase in the non-food products index and the 0.1 decrease. % of the food products index, notes the HCP.

The decreases in food products observed between October and November 2021 mainly concern “Fruits” with 7.2%, “Fish and seafood” with 1.9% and “Meats” with 0.1%, specifies the HCP. .

On the other hand, prices increased by 2% for “Vegetables”, by 1.7% for “Oils and fats” and by 0.8% for “Milk, cheese and eggs”.

For non-food products, the increase mainly concerned the prices of “Fuels” of 3.1%, adds the same source.

By city, the largest increases in the CPI were recorded in Marrakech with 0.8%, in Casablanca and Dakhla with 0.4%, in Meknes and Settat with 0.3% and in Agadir, Fès, Laâyoune and Guelmim with 0.1%. On the other hand, decreases were recorded in Al-Hoceima with 0.9%, in Tétouan and Beni-Mellal with 0.5% and in Kenitra with 0.2%.

Under these conditions, the underlying inflation indicator, which excludes products with volatile prices and products with public prices, would have known during the month of November 2021 an increase of 0.3% compared to the month of October 2021 and 2.9% compared to November 2020.



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