Morocco’s Consumer Price Index (CPI) increased by 0.8% in January 2025 compared to December 2024, according to the High Commission for Planning. This rise is primarily due to a 1.6% increase in food prices, while non-food product prices remained stable.
The most significant price hikes were observed in fish and seafood (+6.0%), vegetables (+4.7%), meat (+2.0%), fruits (+1.6%), as well as dairy products and beverages like coffee, tea, and cocoa. Meanwhile, prices for mineral water, soft drinks, and juices declined by 0.5%.
Price variations differed across cities. Settat recorded the highest increase at 1.5%, followed by Safi (1.3%), Tétouan, Guelmim, and Al Hoceima (1.1%), as well as Kénitra and Marrakech (1.0%). In contrast, Laâyoune was the only city to experience a price decline (-0.5%).
On a year-on-year basis, the CPI rose by 2.0% compared to January 2024, driven by a 3.3% increase in food prices and a 1.1% rise in non-food products. The most significant annual price increase was observed in housing, water, electricity, and fuel (+3.6%), while transportation costs dropped by 2.7%.
Core inflation, which excludes volatile and regulated prices, rose by 0.2% over the month and 2.4% over the year. These figures indicate persistent inflationary pressure, particularly on essential goods, affecting household purchasing power.
