The annual inflation in Morocco increased by 0.3 percent during the month of February, amid the continuing impact of the Corona pandemic on the decline in domestic demand for consumption.
According to a report issued by the High Commission for Planning (the official body in charge of statistics), the increase in inflation came as a result of the rise in food prices by 0.9 percent, and the decrease of non-food items by 0.8 percent on an annual basis.
The prices of clothes and shoes recorded an increase of 0.7 percent, and transportation by 2.5 percent, in conjunction with the rise in the prices of fuel products, restaurants and hotels by 0.8 percent, and housing, water, electricity and gas by 0.5 percent.
On a monthly basis, the inflation rate increased by 0.1 percent in February 2021, compared to the previous month (January 2021. Whereas the widespread and prolonged closures in Morocco have affected the incomes of families and companies, which resulted in the rearrangement of consumer priorities, amid government efforts to stimulate consumption and increase demand.
Source (Anadolu Agency, Edited)
