The consumer price index for the month of January fell by 0.3 percent compared to the previous month.
Rabat – Morocco’s High Commission for Planning (HCP), announced that the consumer price index (CPI) fell by 0.3 percent in January compared to the previous month.
The change is the result of the 0.5 percent drop in the food index and 0.2 percent of the non-food index, according to HCP.
The drop in food products between December and January mainly due to lower fruit prices with drops of 3 percent, vegetables with 2.8 percent, meat with 1 percent, while dairy products with 0.2 percent.
Prices of fish and seafood, however, increased by 0.8 percent.
For non-food products, the price of Tobacco increased by15.2 percent.
Declines in the CPI were most significant in Marrakech, Meknes and Laayoune with 0.6 percent; Agadir and Tangier with 0.5 percent; Casablanca, Kenitra, Rabat and Al Hoceima with 0.3 percent.
In contrast, increases were recorded in Settat with 0.3 percent, Dakhla and Guelmim with 0.2 percent, and in Fez with 0.1 percent.
Compared to the same month of the previous year, the CPI declined by 0.5 percent in January 2018.
The change resulted from the decline in the food index of 2.3 and non-food products up 0.6 percent.
As for non-food products, the change resulted from a drop of 2.3 percent for transport to a rise of 3.4 percent for education, added HCP.
The CPI measures changes in the average price level of goods and services consumed by households, weighted by their share of average household consumption, according to the statement.