Meat tops meals value hikes

In keeping with the most recent information from the Prime Fee for Making plans, the month of August noticed a 1.8 p.c build up within the meals value index for Moroccan customers, in comparison to “solid costs for non-food pieces.”

A press liberate from the Prime Fee for Making plans at the shopper value index for August 2024, issued on Thursday morning, September 20, showed that inflation persisted at a gradual tempo, emerging all through the month of August by way of 0.8 p.c in comparison to the former month (July), whilst the velocity within the first 8 months of this 12 months used to be 1.1 p.c, which is way less than the charges recorded all through the similar length in 2023.

In flip, the core inflation index, which “excludes pieces with mounted costs and pieces with top volatility”, witnessed an build up of 0.3 p.c all through the month of August 2024 in comparison to the former month of July, and by way of 2.6 p.c in comparison to the similar month in 2023 (on an annual foundation).

Meat tops ‘meals hikes’

Intimately, it used to be strikingly transparent that meals pieces have been those that witnessed a robust build up, particularly all through the summer time months, which witness “top intake” coinciding with the season of the go back of the group in a foreign country.

In keeping with information from the Nationwide Statistical Institute, “the will increase in meals costs recorded between July and August 2024 affected, specifically, the costs of “meat” by way of 6.8%, “milk, cheese and eggs” by way of 3.5%, and “fish and seafood” by way of 2.8%, earlier than “greens” by way of 2.4%, “espresso, tea and cocoa” merchandise by way of 0.3%, and “oils and fat” by way of 0.1%.

Against this, the decline used to be seen within the costs of “culmination” by way of 4.0%, in step with the similar respectable information.

The costs of non-food pieces recorded balance on the whole, however “the lower involved, specifically, the costs of “gas” by way of 1.8%,” in step with the “Making plans” estimate.

In comparison to the similar month of the former 12 months, the patron value index (or what’s referred to as the patron value index) recorded an build up of one.7% all through the month of August 2024. This build up used to be attributed by way of the delegation to “an build up in meals costs by way of 2.0 p.c, in addition to in non-food costs by way of 1.4 p.c.”

Via extrapolating the detailed information issued by way of the “Statistical Indicative Figures Division” of the similar financial establishment, the charges of trade for non-food pieces ranged between a lower of one.4% for “well being” and an build up of three.7% for “housing, water, electrical energy, fuel and different fuels”, in step with the department of things.

Best possible elevations by way of town

Via town and geographical space, information from the Client Worth Index in Morocco for August display that inflation exceeded the nationwide moderate within the southern areas, and within the towns of Rabat, Tetouan, Agadir, Fez, Marrakech and Safi, whilst inflation used to be damaging when calculated in Beni Mellal and Meknes.

The delegation commented: “The index recorded essentially the most vital will increase in Al Hoceima by way of 2.8%, in Safi by way of 1.5%, in Errachidia by way of 1.2%, in Agadir, Dakhla, Settat and Beni Mellal by way of 1.1%, and in Oujda by way of 1.0%.

Inflation charges remained beneath 1% in Fez and Tetouan at 0.9%, in Kenitra at 0.8%, in Meknes at 0.7%, in Casablanca, Marrakech and Rabat at 0.6%, in Guelmim at 0.5%, and in Tangier and Laayoune at 0.4%.