Consumer prices up 3.1% at the end of January

Consumer prices soar at the start of the year. The related index (IPC) published by the High Commission for Planning (HCP) increased by 3.1% during the month of January 2022 compared to the same period last year. . An evolution due to the increase in the index of food products by 4.3% and that of non-food products by 2.3%. For non-food products, the variations range from a drop of 0.2% in communication to a rise of 5.9% in transport. By city, the most significant increases in the CPI were recorded in Beni Mellal with 4.3%, in Settat (3.7%), in Kenitra (3.6%), in Casablanca (3.6%) , in Guelmim (3.5%) and in Errachidia (3.5%).

On the other hand, the most restrained increases were recorded in Laâyoune (1.7%), Dakhla (2.1%) and Agadir (2.1%). Moreover, on a monthly basis, the CPI recorded last January a stagnation compared to the previous month. This stagnation is the result of the 0.1% drop in the index of food products and the rise of 0.1% in the index of non-food products. As a result, the core inflation indicator, which excludes products at volatile prices and products at public prices, would have seen an increase of 0.3% in January 2022 compared to December. 2021 and 3.2% compared to January 2021.