At the end of November 2023, on an annual average, prices increased by 7.5%, mainly due to
the rise in food prices, which increased by 11.6%.
Compared to the previous month, household final consumption prices remained stable, after an increase of 0.2% last month. This price stability results from opposing trends which have overall offset each other. The costs of the “housing, water, gas, electricity and other fuels” component and those of transport increased by 0.5% and 0.4% respectively. In contrast, food prices fell by 0.4%. The increase in costs of the “housing, water, gas, electricity and other fuels” component was largely due to increases in effective rents as well as housing maintenance and repair costs. The fall in the food prices was as a result of the decline in the prices of bread and cereals, fishes and seafood, oils and fats, as well as vegetables. Meat prices rebounded and fruit prices continued to rise. Compared to the same month in 2022, the general price level increased by 6.2% in November 2023, mainly due to the 8.4% increase in food prices and the 16.9% increase in transport costs.
