Morning Brief november 22nd, 2023

ECONOMIC HEADLINES
| MOROCCO | INFLATION | An inflation rate of 4.3% in October 2023
In October 2023, the Consumer Prices Index fell by 0.1% compared to September, taking into account the decline of 0.4% in the food products index and the increase of 0.2% in the non-food products index. Year-on-year, the inflation rate stands at 4.3% in October 2023 after 4.9% in September and 5.0% in August.
Note that the underlying inflation indicator which excludes products at volatile prices and products at public tariffs, increased by 0.3% in October 2023 compared to the previous month and by 4.3% compared to October 2022.

| TUNISIA | INVESTMENT | A decline of 5% at the end of September 2023
During the first nine months of 2023, investments in Tunisia reached TND 4,527.3 Mn, down 5.1% compared to the same period of 2022. Note that these allow the creation of 63,967 employment positions, thus recording an increase of 3.8% year-on-year.

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