Casablanca – The producer price index of the “Manufacturing industries excluding oil refining” sector posted a rise of 0.7% in March 2022 compared to the previous month, according to the High Commission for Planning (HCP).
This increase is due to the rise of 0.9% in prices of “Food industries”, 1.3% of “Manufacture of other non-metallic mineral products”, 8.8% of “Woodworking and manufacture of wood and cork products”, 2.6% of “Manufacture of beverages”, 2.4% of “Manufacture of textiles”, 1.2% of “Manufacture of metal products, excluding machinery and equipment” and 4.8% in “Manufacture of Furniture”, said the HCP in its recent note on the index of producer prices in industry, energy and mining (IPPIEM).
It is also explained by the decline of 0.3% of prices recorded in the “Metallurgy” and 0.1% in the “Industry of leather and footwear”, added the same source.
On the other hand, the producer price index of the sector of “Mining and quarrying” has experienced an increase of 0.1% during the month of March 2022, said the HCP.
In addition, the producer price indices of the sectors of “Production and distribution of electricity” and “Production and distribution of water” have stagnated in March 2022.
Source: Agency Morocaine De Presse