Morocco inflation slows as consumer prices fall 0.8 percent in January

Morocco inflation slows as consumer prices fall 0.8 percent in January
AFP
Friday 20 February 2026 - 10:50

Morocco’s consumer price index fell 0.8 percent in January from the same month a year earlier, driven by a 2.1 percent decline in food prices that outweighed a 0.4 percent rise in non food items, the national statistics agency said.

The High Commission for Planning said non food categories ranged from a 2.9 percent drop in transport to a 2.8 percent increase in miscellaneous goods and services.

On a month to month basis, the CPI rose 0.3 percent in January compared with December, reflecting a 0.8 percent increase in food prices and a 0.1 percent decline in non food prices, the agency said.

Food items posting the largest increases between December and January included fish and seafood at 10.4 percent, vegetables at 2.7 percent, fruit at 0.7 percent, meat at 0.4 percent, and coffee, tea and cocoa at 0.2 percent.

Prices fell for oils and fats by 3.1 percent and for milk, cheese and eggs by 0.3 percent. In non food items, the main decline was in fuels, down 5.9 percent.

The biggest monthly CPI increases were recorded in Beni Mellal at 1.5 percent, Settat and Al Hoceima at 0.7 percent, Guelmim and Safi at 0.6 percent, Marrakech at 0.5 percent, Agadir at 0.4 percent, and Casablanca, Tetouan and Meknes at 0.3 percent, the agency said. Prices fell in Dakhla by 0.3 percent, Tangier by 0.2 percent and Fez by 0.1 percent.

Core inflation, which excludes volatile items and administered prices, was flat month to month and down 1.2 percent from January 2025, the agency said.

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