Inflation accelerates to 4.5% at the end of April

Food products soared by 7.1% at the end of April.

As expected, inflation accelerated at the end of the first four months of the year. It thus stood at 4.5%, ie half a point more than at the end of March, with the help of the national and international situation. As a reminder, the Central Bank is counting on a rate of 4.7% for the whole of the year, but it is not excluded that it will revise its expectations at the next meeting of its Board scheduled for June. According to the High Commission for Planning (HCP), this surge in consumer prices stems from the rise in food prices. At the end of April, the latter increased by 7.1%. In the month of April alone, which this year coincided with the month of Ramadan, a period of high consumption and soaring prices, they experienced a monthly increase of 3%.

For non-food products, the increase was 2.8%, mainly due to the surge in transport (8%) and clothing and footwear (3.7%). As for the core inflation indicator, which excludes products at volatile prices and products at public prices, it would have recorded an increase of 0.8% in April compared to the previous month and 4.4% over a a. Also at the end of April, it was in Beni Mellal that prices soared the most (5.9%), i.e. 1.4 points more than the average of the panel used by the HCP to calculate its retail price index. consumption which is therefore 4.5%. But with an inflation of 5.1%, Safi remains the most expensive city, with an index of 110.6 against an average of 107.4 points.

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