In September 2024, the inflation rate remains stable at 6.7%, according to a note published on Saturday by the National Institute of Statistics (INS), devoted to the consumer price index for the month of September 2024.
This stability is explained on the one hand by the acceleration in the rate of increase in the prices of food products year-on-year (9.2% in September compared to 8.5% in August) and in the prices of the leisure and culture group ( 7% in September against 5.8% in August), and on the other hand by the slowdown in the rate of increase in prices of the “Clothing and shoes” group (9.7% in September against 9.9% in August) and the “Alcoholic beverages and tobacco” group (0.3% in September compared to 5.4% in August).
9.2% increase in food products
Year-on-year, food prices increased by 9.2%. This increase is mainly due to the increase in prices of sheep meat by 22.8%, edible oils by 15.1%, dried fruits by 15%, fresh fish by 13.2%, fresh vegetables by 13%. , beef by 12.4% and poultry by 12.2%.
Regarding the prices of manufactured products, they increased by 6.1% due to the increase in the prices of clothing and footwear products by 9.7% and routine household cleaning products by 8.3%. %.
For services, the increase in prices is 5.3% over one year, mainly explained by the increase in prices of services for the restaurant, cafes and hotels group of 8.8%.
In September 2024: The underlying inflation rate falls to 6.2%
In September 2024, the underlying inflation rate (excluding food and energy products) fell to 6.2% compared to 6.4% the previous month. The prices of free (unframed) products increased by 7.7% over one year, while the prices of framed products recorded an increase of 3.1%.
Free food products saw an increase of 10.2% compared to 2.6% for food products at regulated prices.
The “Manufactured Products” group and the “Services” group are the sectors that made the highest contribution to overall inflation, i.e. 2.3% and 1.8% respectively.
According to the INS, the “Non-free food” group and the “Free food” group are the groups having made the highest contribution to inflation, i.e. 3.5% and 2.5% respectively.
Furthermore, the “Framed food products” group made the lowest contribution with 0.1%.
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