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Inflation increases by 0.7% in 2020 in Morocco

The average annual consumer price index (CPI) recorded, at the end of the past year, an increase of 0.7% compared to 2019, indicates the High Commission for Planning (HCP).

This increase is the result of an increase in the food index by 0.9% and that of non-food products by 0.5%, the HCP said in a briefing note on the CPI.

The variations recorded for non-food products range from a drop of 1.6% for “Transport” to an increase of 2.7% for “Education”, the same source said. HCP added that on this basis, the underlying inflation indicator, which excludes products with volatile prices and products with public prices, would have increased by 0.5% during 2020 compared to 2019.

By city, the largest increases in the annual CPI were registered in Guelmim with 2.1%, in Beni-Mellal (1.3%), in Tangier and Laâyoune (1%), in Agadir, Rabat and Meknes (0.9%), in Marrakech, Settat and Al-hoceima (0.8%) and in Errachidia (0.7%). On the other hand, stagnations were recorded in Fez and Kénitra.

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