The producer price index of the "Manufacturing industries excluding oil refining" sector posted a rise of 2.5% during January 2022 compared to December 2021, according to the Moroccan High Commission for Planning (HCP).
This increase is explained by the rise notably in prices of "Chemical industry" of 9.2%, "Food industry" (0.7%), "Automotive industry" (2.2%), "Clothing industry" (1.2%) and "Manufacture of other non-metallic mineral products" (0.5%), said the HCP in its recent information note on the index of producer prices in industry, energy and mining (IPPIEM).
This note also reported a decline in prices of the "Furniture Manufacturing" of 0.6% and "Paper and cardboard industry" of 0.1%.
On the other hand, the producer price indices for "Mining and quarrying", "Production and distribution of electricity" and "Production and distribution of water" have stagnated during January 2022.
