Inflation in Morocco Ends 2025 Below 1% with Stable Prices of Basic Goods
The dynamics of inflation in Morocco concluded the year 2025 at relatively stable levels and with a downward trend, as the average inflation rate recorded was below 1%, according to data from the High Commission for Planning. The annual core inflation index, which excludes fixed and volatile price items, stood at 0.8% compared to 2024.
The official report from the High Commission indicated that the consumer price index for December 2025 decreased by 0.1% compared to the previous month, while the monthly core inflation index fell by 0.2%. Consequently, the average annual consumer price index recorded an increase of 0.8%, with the annual core inflation index rising by the same percentage.
The decline in December’s consumer price index reflected a decrease in food prices by 0.3%, while non-food items remained stable. Notably, the prices of oils and fats dropped by 3.9%, fruits by 8.2%, and meats by 1.2%. Conversely, prices of fish and seafood increased by 3.3%, vegetables by 2.8%, and dairy products, including milk, cheese, and eggs, rose by 0.6%. Coffee, tea, and cocoa prices saw an uptick of 0.4%.
For non-food items, there was a 0.5% decrease in fuel prices, while the core inflation index recorded a decrease of 0.2% in December compared to the previous month.
Regarding the annual consumer price index for 2025, it saw a rise of 0.8% compared to 2024, driven by an increase in food prices by 0.8% and non-food prices by 0.5%, with varying rates of change—including a 2.6% decrease in the transportation sector and a 3.3% increase in the restaurant and hotel sector.
Geographically, the rise in prices was not uniform across all cities, with Fes recording the highest annual increase at 1.7%, followed by Kenitra at 1.3%, and Guelmim at 1.2%. The increase in Casablanca was 0.7%, while in Marrakech, it was only 0.2%.
