Consumer prices in Morocco saw a modest increase in September 2025, rising by 0.2% compared to the previous month, according to data released by the High Commission for Planning (HCP). On an annual basis, inflation remains low at 0.4%.
This monthly uptick was primarily driven by higher prices in the food sector. Key increases included: vegetables: +2.6%, fruit: +0.5%, meat: +0.4%. Conversely, some food items saw price drops, including oils and fats (–2.1%), and fish and seafood (–0.6%).
In the non-food category, fuel prices provided a relief for households, recording a notable decrease of 2.2%. However, the start of the school year led to a sectoral price increase in education of 2.1%.
Price movements varied significantly by region, with the largest monthly increases observed in Errachidia (+0.9%), Laayoune (+0.6%), and Rabat (+0.5%). Conversely, prices decreased notably in Al Hoceima (–2.4%).
Over the first nine months of 2025, the average consumer price index grew by 0.9% compared to the same period in 2024. The largest cumulative increases were found in catering and hospitality (+3.6%) and education (+2.3%).
Core inflation, which excludes volatile products and regulated tariffs, remained stable in September, with annual growth limited to 0.3%, confirming a generally moderate disinflationary trend.
MK/te/Sf/fss/abj/APA