The consumer price index (CPI) of households in the city of Al Hoceima decreased by 1.8% last October, compared to the previous month, and increased by 0.2% year-on-year.
The food product price index decreased by 2.6% last October compared to September, due to the drop in prices of “Fish and seafood” by 16%, “Fruits” by 2.3 %, “Coffee, tea and cocoa” by 1.8%, “Meat” by 1.7%, “Milk, cheese and eggs” by 1.5% and “Mineral water, soft drinks and fruit and vegetable juices” of 1.3%, indicates a note from the regional directorate of the High Commission for Planning (HCP).
The monthly variation of the index of non-food products also decreased by 0.7%, following the drop in prices of “Restaurants and hotels” of 7.4%, “Transport” of 1.5%, ” Housing, water, electricity and other fuels” and “Miscellaneous goods and services” by 0.4%, and “Communication” by 0.1%, reports MAP.
Furthermore, the 0.6% increase in “Health” prices and 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 rose to 1% last October, driven by an 11.1% increase in the prices of “Fish and seafood”, and “Meat”. by 9.7%, “Coffee, tea and cocoa” by 4.7%, “Food products not elsewhere classified” by 3%, “Sugar, jam, honey, chocolate and confectionery” by 0.9%, “Oils and fats” 0.7%, “Bread and cereals” 0.5% and “Tobacco” 2.9%.
On the other hand, the annual variation of the non-food products index decreased by 0.8%, while the variation in prices of the divisions that constitute non-food products fluctuated between a decrease of 7.8% for the division of “Transport” and an increase of 3.7% for the “Housing, water, electricity and other fuels” 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.
