0.6% drop in the CPI last November (HCP)

0.6% drop in the CPI last November (HCP)
0.6% drop in the CPI last November (HCP)

The consumer price index (CPI) of households in the city of Tangier decreased by 0.6% last November compared to the previous month, and increased by 0.3% year-on-year.

The food product price index decreased by 1.3% last November compared to October, due to the drop in prices of “Fruit” by 8.8%, “Fish and seafood” by 8. .6%, “Mineral waters, soft drinks and fruit and vegetable juices” of 2.2%, “vegetables” of 0.5% and “sugar, jam, honey, chocolate and confectionery” of 0, 4%, indicates an information note from the regional directorate of the High Commission for Planning (HCP) of Tangier-Tetouan-Al Hoceima.

The monthly variation of the index of non-food products also decreased by 0.1%, following the drop in the prices of “Transport” of 0.7%, “Leisure and culture” of 0.3% and “Furniture , household items and routine home maintenance” by 0.2%.

Read also: Inflation: CPI increases by 0.8% in November

Furthermore, the increase in the index of the “Communication” divisions by 0.4%, “Clothing and footwear” by 0.3% and “Miscellaneous goods and services” by 0.2%, as well as the stagnation of the indices of the other divisions did not impact the general evolution, specifies the same source.

Over one year, the food product price index declined by 0.5% last November, due to the 14.5% drop in prices for “Vegetables” and “Oils and fats”. of 2.3%, “Mineral waters, soft drinks and fruit and vegetable juices” of 1.8%, “Milk, cheese and eggs” of 0.6%, and “Fruit” of 0.1%.

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On the other hand, the increase in the prices of “Meat” by 12%, “food products not elsewhere classified” by 7.2%, “coffee, tea and cocoa” by 3.9%, “Fish and seafood” by 2.1%, “Sugar, jam, honey, chocolate and confectionery” by 1.9% and “Bread and cereals” by 0.5% did not impact the general evolution.

On the other hand, the annual variation of the non-food products index increased by 0.8%, while the variation in prices of the divisions that constitute non-food products fluctuated between a decrease of 3.3% for the division of “Transport” and an increase of 5.5% for the “Restaurants and hotels” division.

The CPI is the instrument for measuring inflation. It contributes to the monitoring and analysis of the economic situation, and constitutes an essential element for the implementation of financial policy and the indexing of contracts between the different socio-economic partners.

With MAP

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