The declines in food products observed between October and November 2024 mainly concern “Fruits” with 5.3%, “Vegetables” with 1.1%, “Fish and seafood” with 0.8% and “Mineral waters”. , refreshing drinks, fruit and vegetable juices” with 0.6%. On the other hand, prices increased by 1.3% for “Oils and fats”, by 1.1% for “Milk, cheese and eggs” and by 0.5% for “Coffee, tea and cocoa”. For non-food products, the drop mainly concerned the prices of “Fuels” with 1.5%.
The largest drops in the CPI were recorded in Al-hoceima with 0.9%, in Safi with 0.8%, in Beni-Mellal and Errachidia with 0.7%, in Tétouan, Tangier and Settat with 0 .6%, in Marrakech with 0.4%, in Oujda with 0.3%, in Kenitra with 0.2% and in Casablanca and Meknes with 0.1%. On the other hand, increases were recorded in Laâyoune and Dakhla with 0.5% and in Agadir and Fez with 0.3%.
Compared to the same month of the previous year, the consumer price index recorded an increase of 0.8% during the month of November 2024 as a result of the increase in the food products index of 0.8% and that of non-food products by 0.7%. For non-food products, variations range from a drop of 3.8% for “Transport” to an increase of 3.6% for “Housing, water, gas, electricity and other fuels”.
Under these conditions, the underlying inflation indicator, which excludes products with volatile prices and products with public prices, would have seen an increase of 0.2% during the month of November 2024 compared to the month of October 2024 and 2.6% compared to November 2023.
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