Inflation: CPI will increase by 1.8% in June, says HCP

Customers in entrance of a vegetable stall on the Sidi Moussa market in Salé, close to Rabat.

The patron worth index (CPI) recorded a rise of 1.8% final June in comparison with the identical month of 2023, based on the Excessive Fee for Planning (HCP).

This variation is the results of the rise within the meals merchandise index of 1.7% and that of non-food merchandise of 1.9%, explains the HCP in an info word referring to the CPI of June 2024.

For non-food merchandise, the variations vary from a lower of 1.2% for “Well being” to a rise of three.7% for “Housing, water, gasoline, electrical energy and different fuels”, the identical supply mentioned.

In comparison with Might 2024, the CPI elevated by 0.4% final June, as a result of enhance within the meals index by 0.5% and the non-food index by 0.3%.

Alternatively, costs decreased by 1.6% for “Greens”, by 1.2% for “Milk, cheese and eggs” and by 0.4% for “Oils and fat”.

For non-food merchandise, the rise primarily involved the costs of “Fuel” with 10.9%.

The HCP additionally signifies that probably the most important will increase within the CPI had been recorded in Al-hoceima with 1.8%, in Errachidia with 1.5%, in Marrakech with 1%, in Fez and Oujda with 0.7%, in Tetouan, Guelmim and Safi with 0.6%, in Agadir with 0.5%, in Meknes, Laayoune and Beni-Mellal with 0.4%, in Casablanca with 0.2% and in Rabat and Settat with 0.1%. Decreases had been, nevertheless, recorded in Kenitra and Dakhla with 0.3% and in Tangier with 0.1%.

Beneath these circumstances, the underlying inflation indicator, which excludes merchandise with unstable costs and merchandise with public tariffs, would have seen a rise of 0.3% in June 2024 in comparison with final Might and of two.4% in comparison with June 2023.

LNT with Map