Rabat - The High Commission for Planning (HCP) anticipates an increase in food prices in the Moroccan market by 0.5 percent compared to the last month.
Rabat – The High Commission for Planning (HCP) anticipates an increase in food prices in the Moroccan market by 0.5 percent compared to the last month.
According to the HCP’s study, the increase is driven by inflation, which rose by 0.3 percent over the past month and 1.4 percent this year. The food price index has increased by 1.2 percent.
The HCP’s official data indicates that fruit prices have increased by 7.8 percent, meat by 7.8 percent, fish and seafood by 5.3 percent, and prices in category of “milk, cheese and eggs” by 1.1 percent, while the only recorded decrease was in vegetables, which decreased by 0.5 percent.
Furthermore, the price of non-food products increased by 1.3 percent, which fluctuated between a decrease of 2.7 percent for transportation expenses and an increase by 5 percent for residence, electricity, and water.
The HCP reportedly conducted the study based on the situation in the markets of most Moroccan cities during the past few months.