Morocco’s Consumer Price Index rises by 2% in January 2025

Morocco’s Consumer Price Index rises by 2% in January 2025
Friday 21 February 2025 - 14:35

The High Commission for Planning (HCP) has reported a 2% increase in the Consumer Price Index (CPI) for January 2025 compared to the same period in 2024.

According to the latest HCP bulletin, this rise was primarily driven by an increase of 3.3% in food prices and 1.1% in non-food prices.

Among non-food items, transport costs saw a 2.7% decline, while prices for housing, water, electricity, gas, and other fuels increased by 3.6%.

On a monthly basis, the CPI rose by 0.8% compared to December 2024, with food prices increasing by 1.6%, while non-food prices remained stable.

  • Fish and seafood: +6.0%
  • Vegetables: +4.7%
  • Meat: +2.0%
  • Fruits: +1.6%
  • Dairy products (milk, cheese, eggs): +0.6%
  • Coffee, tea, and cocoa: +0.5%
  • Mineral water, soft drinks, and fruit juices: -0.5%

Among non-food items, restaurant and café prices increased by 0.3%.

The most significant price increases were recorded in:

  • Settat (+1.5%)
  • Safi (+1.3%)
  • Tetouan, Guelmim, and Al Hoceima (+1.1%)
  • Kenitra and Marrakech (+1.0%)

Conversely, a 0.5% decline was recorded in Laayoune.

Excluding regulated prices and volatile items, core inflation rose by 0.2% compared to December 2024 and by 2.4% year-on-year.

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