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Rabat – Morocco’s Industrial Producer Price Index Excluding Petroleum Refining has slightly increased by 0.1% in November 2024, according to the High Commission for Planning (HCP).
Sector-specific price movements showed an increase of 0.5% in food industry prices, while metallurgy and manufacture of other non-metallic mineral products saw a 0.3% price increase, according to data from HCP.
Conversely, slight price declines were observed in the chemical industry and the leather and footwear industry, which decreased by 0.1%.
Meanwhile, the producer price indices for the extractive industries, electricity, water production, and distribution sectors remained unchanged during November 2024.
These figures suggest the nuanced price dynamics within Morocco’s industrial sectors, reflecting both growth and slight contractions across different industries.
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Morocco’s November CPI Declines 0.2%, Yet Annual Inflation Remains at 0.8%
The Producer Price Index (PPI) for the manufacturing industries, excluding petroleum refining, rose by 0.2% in October 2024 compared to the previous month, showing a consistent, albeit modest, upward trend in producer prices over the latter half of the year.
This data aligns with broader economic indicators. For instance, Morocco’s economy recorded a growth rate of 4.3% during the third quarter of 2024, a significant increase compared to 3% in the same period last year.
In addition, Morocco’s Consumer Price Index (CPI) decreased to 0.2% in November compared to October 2024, indicating a slight deflationary trend in consumer prices.
These trends suggest a period of relative price stability in Morocco’s industrial sector, with minor fluctuations reflecting sector-specific dynamics.
