Morocco's HCP has presented a new Industrial Production Index for January 2019.
Rabat – Morocco’s price index of industrial production, with the exception of oil refineries, decreased by 0.4 percent in January 2019 compared with the price index in December 2018.
According to the Moroccan High Commission for Planning (HCP), which keeps track of economic, demographic, and social statistics, the decrease resulted from a drop in food prices by 0.8 percent, metallurgy by 2.9 percent, and the clothing industry by 0.7 percent.
Meanwhile prices in the paper and cardboard industries increased by 1.5 percent, and prices in other manufacturing industries increased by 0.6 percent.
The prices of extractive industries and the production and distribution of water and electric power remained stable.
As for the consumer price index for January, it fell by 0.3 percent compared to the previous month.
The change is due to the drop of 0.5 percent in the food index and 0.2 percent in the non-food index between December and January.
Fruit prices fell by 3 percent, vegetables by 2.8 percent, meat by 1 percent, and dairy products by 0.2 percent.
For non-food products, the price of transport dropped by 2.3 percent whereas the price of tobacco increased by 15.2 percent.