the price of fuel skyrocketed in June

by

The consumer price index (CPI) fell 0.3%, due to the 1.3% drop in the food index and the 0.4% increase in the food index. non-food products, indicates the High Commission for Planning (HCP) in its monthly flash in June.

The increase in the non-food products index is mainly due to the 8.1% increase in fuel prices in June. An upward trend that continued in July where prices varied depending on the distribution network, from 25 to 35 cents per liter.

Thus, diesel has risen to 8.25 dirhams / liter on average and gasoline to 9.24 dirhams / liter. At the same time, on international markets, the price of oil was still moving below the $ 40 per barrel mark.

During the same period, the HCP notes a drop in food prices observed between May and June 2020, in particular with regard to “fish and seafood” (6.5%), “vegetables” (5, 1%), “meats” (1.3%), “oils and fats” (0.8%), “coffee, tea and cocoa” (0.7%) and “milk, cheese and eggs “(0.2%).

The cities that recorded the largest drops in the CPI, according to the HCP, are Al Hoceima (2.0%), Tetouan and Safi (1.2%), Beni-Mellal (1.1%), Marrakech and Errachidia (0.8%), Fès (0.7%), Settat (0.6%), Tangier and Guelmim (0.4%). However, increases were recorded in Meknes and Rabat with 0.2% and 0.1% respectively.

Compared to the same period last year, the CPI was down 0.7%, says the HCP. A decrease caused by that of the food products index of 1.6% and a variation of that of non-food products with a decrease of 4.7% in the “Transport” category and an increase of 3.1% in that of Education”.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.