Morocco’s consumer prices edged up in February, with food items continuing to be the main driver of inflation. According to the latest figures from the High Commission for Planning (HCP), the Consumer Price Index (CPI) rose by 0.3% compared to January 2025.
The monthly increase was largely due to a 0.6% rise in food prices, while non-food items saw a more modest 0.2% uptick. Notable price increases were recorded for fruits (+3.3%), vegetables (+2.7%), as well as milk, cheese, eggs, and coffee, tea, and cocoa (all +1.0%). Meanwhile, meat prices dropped by 0.7% and oils and fats by 0.6%.
In the non-food category, the main contributor was fuel prices, which rose by 1.9%. Core inflation, which excludes volatile and regulated prices, increased by 0.2% month-on-month and 2.4% year-on-year.
Compared to February 2024, the overall CPI rose by 2.6%. Food prices surged by 4.6% year-on-year, far outpacing the 1.2% rise in non-food prices. Within the non-food segment, transport costs fell by 1.7%, while restaurant and hotel prices climbed by 3.7%.
Regionally, the largest monthly CPI increases were seen in Casablanca and Fez (both +0.6%), followed by Rabat, Meknes, Laayoune, and Beni-Mellal (+0.5%). On the other hand, Guelmim recorded a decline of 0.3%, while Marrakech, Settat, and Safi posted decreases of 0.2%.
While inflation remains moderate overall, the steady rise in food prices continues to pressure household budgets. As Morocco navigates economic transition, inflation trends in the coming months will be closely monitored, especially in light of weather conditions, global commodity markets, and fiscal policy choices.
