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News 29 Dec 2024 2 min read

Al Hoceima: 1.8% decrease in the CPI last October

Al Hoceima: 1.8% decrease in the CPI last October
Al Hoceima: 1.8% decrease in the CPI last October
The Consumer Price Index (CPI) for households in the city of Al Hoceima decreased by 1.8% last October, compared to the previous month, and increased by 0.2% year-on-year.

The food price index decreased by 2.6% last October compared to September, due to the drop in prices of "Fish and seafood" by 16%, "Fruits" by 2.3%, "Coffee, tea, and cocoa" by 1.8%, "Meats" by 1.7%, "Milk, cheese, and eggs" by 1.5%, and "Mineral waters, soft drinks, and fruit and vegetable juices" by 1.3%, indicates a note from the regional directorate of the High Commission for Planning (HCP).

The monthly variation of the non-food products index also decreased by 0.7%, following the drop in prices of "Restaurants and hotels" by 7.4%, "Transport" by 1.5%, "Housing, water, electricity, and other fuels" and "Miscellaneous goods and services" by 0.4%, and "Communication" by 0.1%, reports MAP.

Furthermore, the increase in "Health" prices by 0.6% and the stagnation of the indices of other divisions did not impact the general trend, specifies the same source.

Over one year, the food price index rose by 1% last October, under the effect of the increase in prices of "Fish and seafood" by 11.1%, "Meats" by 9.7%, "Coffee, tea, and cocoa" by 4.7%, "Food products not classified elsewhere" by 3%, "Sugar, jam, honey, chocolate, and confectionery" by 0.9%, "Oils and fats" by 0.7%, "Bread and cereals" by 0.5%, and "Tobacco" by 2.9%.

On the other hand, the annual variation of the non-food products index decreased by 0.8%, while the variation in prices of the divisions that make up non-food products fluctuated between a decrease of 7.8% for the "Transport" division and an increase of 3.7% for the "Housing, water, electricity, and other fuels" division.

The CPI is the instrument for measuring inflation. It contributes to the monitoring and analysis of the economic situation and constitutes an essential element for the implementation of financial policy and the indexation of contracts between the various socio-economic partners.

This article is reproduced as an excerpt. The full version is published by the original outlet.

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