Inflation in Morocco continues to ease, driven by falling global food prices. According to the High Commission for Planning (HCP), the consumer price index (CPI) rose by 0.3 percent year-on-year in August 2025, compared with 0.5 percent in July, signaling a stabilization in the cost of living.
The latest FAO report attributes this trend to a drop in sugar and dairy prices, alongside declines of 0.6 percent in cereals and 0.7 percent in vegetable oils, particularly palm and soybean oil.
Global wheat prices fell for the third consecutive month amid moderate demand and strong harvests in major producing countries, while rice prices dropped by 0.5 percent.
In contrast, meat prices rose by 0.7 percent, reaching a record high due to increases in beef and lamb prices, though poultry prices remained stable.
Overall, the FAO noted that sugar prices fell by 4.1 percent, their lowest level since March 2021, contributing to a moderation in global inflation and indirectly supporting price stability in Morocco.
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