Morocco’s Consumer Prices Rise 2.6% Year-on-Year, Led by Food and Transport Costs

According to the note, this trend is attributable to the 2.8% increase in the food products index and the 2.4% increase in the non-food products index.

Specifically, the variation for non-food products ranges from a 0.3% decrease for "communication" to a 7.1% increase for "Transport".

Compared to October 2021, the CPI experienced a 0.2% increase in November last year, resulting from a 0.3% increase in the non-food products index and a 0.1% decrease in the food products index, the HCP said.

Under these conditions, the underlying inflation indicator, which excludes volatile price products and public tariff products, would have experienced a 0.3% increase over the month of November 2021 compared to October 2021 and a 2.9% increase compared to November 2020.

The largest increases in the CPI were recorded in Marrakech with 0.8%, in Casablanca and Dakhla with 0.4%, in Meknes and Settat with 0.3% and in Agadir, Fez, Laayoune and Guelmim with 0.1%. On the other hand, decreases were observed in Al-Hoceima with 0.9%, in Tetouan and Beni-Mellal with 0.5% and in Kenitra with 0.2%.