Inflation rises to 4% in the first quarter of 2022


In March alone, the prices of food products increased by 1.8%, mainly vegetables (+13.8%), fish and seafood (+6.2%), fruit (+5 .2%) and meats (+3.5%).

After 3.3% at the end of February, inflation accelerated to 4% at the end of the first quarter. An outbreak attributed mainly to food products and fuels.

Inflation reached 4% at the end of the first quarter of 2022. It thus accelerated under the effect of the surge in food products. According to the High Commission for Planning (HCP), these increased by 6.4% over one year at a time when non-food products saw their prices rise by 2.4%. The evolution of this last group of products is attributable, among other things, to the increase in the prices of transport (6.5%), miscellaneous goods and services (+4.3%) and clothing and footwear (+3.4%). Stagnation was also recorded in health and communication. With an increase of 5.6%, it was in Beni Mellal that prices soared the most at the end of March. The top three is completed by Safi (+4.6%) and Marrakech (+4.6%). Note that Safi is also the most expensive city over the quarter, with an index of 109.6 against a national average of 106.5.

Fuel prices up 8% over one month

In March alone, prices increased by 1.8% compared to February. An increase resulted from food products (3.8%), mainly vegetables (+13.8%), fish and seafood (+6.2%), fruits (+5.2%) and meats (+3.5%). The price of non-food products, for their part, increased by 0.5% mainly due to fuels (8%). Over one year, the CPI recorded an increase of 5.3% during the month of March, following the rise of 9.1% in food products and 2.8% in non-food products. Under these conditions, the core inflation indicator, which excludes products at volatile prices and products at public prices, would have risen by 0.5% in March compared to February and by 3 .9% over one year. As a reminder, Bank Al-Maghrib expects inflation of 4.7% this year. Exactly the same level provided by the Arab Monetary Fund (

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