The rate ofinflation remains unchanged at 7.2% in May 2024, according to the Consumer Price Index, published Thursday by the INS.
This stability is due on the one hand to the acceleration in the rate of increase in the prices of food products (9.7% in May 2024 compared to 9.2% in April 2024) and on the other hand to the deceleration in the rate of change in prices of the “clothing and shoes” group as well as those of the “restaurant, cafes and hotels” group.
The increase in food prices comes mainly from the increase in the prices of coffee powder by 35%, sheep meat by 27.8%, edible oils by 21.9%, condiments by 16.6%. %, and beef prices of 15.7%.
Over one year, the prices of manufactured products grew by 7% due to the increase in prices of clothing products of 9.5% (compared to 9.7% in April 2024) and products routine household maintenance of 8.8%. For services, the increase in prices is 5.5% over one year, mainly explained by the increase in prices for services of the restaurant, cafes and hotels group of 10.2% (compared to 10.4% in the month of April 2024).
The underlying inflation rate (excluding food and energy products) fell slightly to 6.8% compared to 6.9% last month. The prices of free (unsupervised) products have increased by 8% over one year. Prices of framed products increased by 4.6%. Free food products saw an increase of 10.6% compared to 3.6% for food products at controlled prices.
