Morocco: Average inflation of 0.8% in 2025

The average annual Consumer Price Index (CPI) recorded, at the end of 2025, an increase of 0.8% compared to 2024, according to the High Commission for Planning (HCP).

This trend is the result of a 0.8% increase in the food price index and a 0.5% increase in the non-food price index, explains the HCP in an information note, specifying that the variations recorded for non-food products range from a decrease of 2.6% for “Transport” to an increase of 3.3% for “Restaurants and hotels”.

On this basis, the core inflation indicator, which excludes products with volatile prices and public tariff products, would have seen an increase of 0.8% during the year 2025 compared to 2024.

The most significant increases in the annual CPI were recorded in Fez with 1.7%, in Kenitra (1.3%), in Guelmim (1.2%), in Settat (1.1%), in Tetouan (1%), in Rabat and Errachidia (0.9%), in Agadir and Tangier (0.8%), in Casablanca (0.7%), in Meknes, Dakhla and Al Hoceima (0.5%), in Beni Mellal (0.4%) and in Marrakech (0.2%).

The HCP also reports that the CPI recorded, during the month of December 2025 alone, a decrease of 0.1% compared to the previous month. This variation is the result of a 0.3% decline in the food price index and a stagnation in the non-food price index.

The decreases in food products observed between November and December 2025 mainly concern “Oils and fats” with 3.9%, “Fruits” with 2.8%, and “Meats” with 1.2%.

Conversely, prices increased by 3.3% for “Fish and seafood”, by 2.8% for “Vegetables”, by 0.6% for “Milk, cheese and eggs”, and by 0.4% for “Coffee, tea and cocoa”.

For non-food products, the decrease mainly concerned the prices of “Fuels” with 0.5%.

Under these conditions, the core inflation indicator would have decreased by 0.2% in December 2025 compared to the previous month.