المغرب معدل التضخم

The consumer prices in Morocco fell 0.3% from a year earlier in November 2025, after edging up 0.1% in October. It marked the first deflation since December 2020, as food prices fell the most since March 2021 (-1.5% vs -0.5% in October) while transport prices continued to decline (-1.5% vs -1.9%). Additionally, inflation moderated for housing and utilities (0.6% vs 0.7%), clothing and footwear (0.7% vs 0.8%), and healthcare (0.2% vs 0.3%) while it remained steady for education (2.1%) and alcoholic beverages and tobacco (3.4%). By contrast, inflation accelerated for furnishings (0.7% vs 0.6%), restaurants and hotels (2.5% vs 2.4%), and miscellaneous goods and services (1.7% vs 1.5%). Core inflation, which excludes volatile prices and products subject to public tariffs, dropped by 0.9%, the steepest decline since the data began in 2020, following a 0.2% fall in October. Monthly, the CPI fell 0.6% in November, the same pace as in October, remaining the steepest decline since January 2024.