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Morocco.. inflation rises to 8.9%

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Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

The Moroccan High Planning Commission indicated that its country’s inflation rate reached 8.9% in January 2023 amid rising food prices.

The delegate explained that this increase was due to a 16.8% increase in food prices and a 9.6% increase in transport costs.

The delegate reported that this figure was the highest since the nineties of the last century, as the inflation rate for the whole of last year reached 6.6%.

The delegate’s data indicates that the recorded increase in food prices between December 2022 and January 2023 was in particular for vegetables by 3.3% and fruits by 2.6%.

As for non-food products, the decrease was in fuel prices by 3.2%.

Source: Hespress

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