Wednesday, August 20, 2008

Cost of Living Index up 5.1% in July

The cost-of-living index of July has risen by 5.1% in Morocco compared to the same month last year, the High Commission for Planning (HCP) revealed.
The increase concerned both foodstuffs (+9.1%) and non-foodstuffs (+1.8 pc), HCP said in a press release. Compared to June 2008, the cost-of-living index rose by 0.2 %, due to a 0.1% fall in the foodstuffs index and a 0.4% in that of non-foodstuffs, including private transport (+5.6%).
Between June and July 2008, the decreases registered in foodstuffs concerned mainly fresh fruit (-3.5%), vegetables (-3.1%) and milk, dairy products and eggs (-1% ). As for the prices of meat and fresh fish, they grew by 1.3% and 1% respectively.

via Maghreb Arab Press