Morocco’s consumer price index registered negative 0.3 percent year-over-year deflation in November, driven primarily by falling food prices, according to High Commission for Planning data. This development reflects food product index decline of 1.2 percent offset partially by non-food product increases of 0.4 percent.
Non-food product variations ranged from 1.5 percent decreases in transportation to 2.5 percent increases for restaurants and hotels. Compared to October, the consumer price index decreased 0.6 percent, resulting from 1.3 percent food product declines and stagnating non-food indices.
Food prices’ decreases between October and November primarily affected fruits declining 6.4 percent, oils and fats dropping 5.2 percent, meats falling 1.9 percent, fish and seafood decreasing 0.4 percent, and coffee, tea, and cocoa down 0.2 percent. Conversely, vegetable prices increased 2.3 percent while milk, cheese, and eggs rose 0.3 percent. Among non-food products, fuel prices increased 0.2 percent.
Regional variations showed Errachidia recording the steepest consumer price decline at 1.4 percent, followed by Settat and Al Hoceima at 1.2 percent, Safi and Beni Mellal at 1.1 percent, Guelmim at 0.9 percent, Oujda and Laayoune at 0.7 percent, Casablanca at 0.6 percent, with smaller decreases across Kenitra, Marrakesh, Meknes, Tangier, Agadir, Rabat, Tetouan, and Fez.
Core inflation indicators excluding volatile-priced products and public tariff items decreased 0.4 percent compared to October 2025 and 0.9 percent year-over-year from November 2024. The deflation trend reflects abundant agricultural production following favorable rainfall patterns, easing pressure on household purchasing power while supporting consumption stability across Morocco’s diversified economy during traditionally active year-end commercial periods.
