The food product price index fell by 0.3% last November compared to October, due to the drop in prices of “Fruits” of 10.5%, of “Oils and fats” of 1.8 %, “Fish and seafood” by 1.6%, “Coffee, tea and cocoa” by 0.5% and “Meat” by 0.1%, indicates a press release from the regional management of High Commission for Planning (HCP).
The monthly variation of the index of non-food products also decreased by 0.1%, following the drop in the prices of “Housing, water, electricity and other fuels” of 0.4%, of “Communication” of 0 .3%, “Transport”, “Miscellaneous goods and services” by 0.2% and “Clothing and footwear” by 0.1%.
Furthermore, the increase in prices for “Restaurants and hotels” of 0.2%, and the stagnation of the indices of the other divisions did not impact the general evolution, specifies the same source.
Over one year, the food product price index rose to 10.5% last November, driven by the 38.1% increase in the prices of “Vegetables”, “Mineral waters, drinks refreshing juices and fruit and vegetable juices” of 12.6%, “Fruits” of 9.6%, “Meats” of 9.2%, “Milk, cheese and eggs” of 7.4%, “Oils and fats” of 4.3%, “Food products not elsewhere classified” of 1.0%, “Sugar, jam, honey, chocolate and confectionery” of 0.6%, “Coffee, tea and cocoa” by 0.5% and “Tobacco” by 6.7%.
The annual variation of the index of non-food products also increased by 0.4%, while the variation in prices of the divisions that constitute non-food products fluctuated between a decrease of 4.7% for the division of “Transport ” and an increase of 11.1% for the “Restaurants and hotels” 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 indexing of contracts between the different socio-economic partners.