Consumer prices in Morocco fell 0.3% year on year in December 2025, matching the pace seen in November. It marked the second consecutive month of deflation, as prices continued to decline for food (-1.5% vs -1.5% in November), transport (-1.4% vs -1.5%), communication (-0.4% vs.-0.3%), and leisure and culture (-0.5% vs -0.6%). By contrast, upward price pressures came from housing and utilities (0.6% vs 0.6%), clothing and footwear (0.9% vs 0.7%), healthcare (0.3% vs 0.2%), education (2.1% vs 2.1%), alcoholic beverages and tobacco (3.5% vs 3.4%), furnishings (0.7% vs 0.7%), restaurants and hotels (2.8% vs 2.5%), and miscellaneous goods and services (1.7% vs 1.7%). On a monthly basis, the CPI edged down 0.1% in December, following a 0.6% fall in each of the previous two months, which was the steepest monthly decline since January 2024. For the full year 2025, headline and core inflation averaged 0.8%. source: Haut Commissariat au Plan

Inflation Rate in Morocco remained unchanged at -0.30 percent in December. Inflation Rate in Morocco averaged 1.84 percent from 2008 until 2025, reaching an all time high of 10.10 percent in February of 2023 and a record low of -1.60 percent in December of 2009. This page provides - Morocco Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Morocco Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Inflation Rate in Morocco remained unchanged at -0.30 percent in December. Inflation Rate in Morocco is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Morocco Inflation Rate is projected to trend around 1.40 percent in 2027 and 1.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-19 01:30 AM
Inflation Rate YoY
Nov -0.3% 0.1% 0.2%
2026-01-22 01:40 AM
Inflation Rate YoY
Dec -0.3% -0.3% -0.2%
2026-02-20 09:00 AM
Inflation Rate YoY
Jan -0.3%


Related Last Previous Unit Reference
Consumer Price Index CPI 118.70 118.80 points Dec 2025
Core Inflation Rate 0.80 -0.90 percent Dec 2025
CPI Housing Utilities 109.60 109.50 points Dec 2025
CPI Transportation 115.70 115.80 points Dec 2025
Food Inflation -1.50 -1.50 percent Dec 2025
Inflation Rate YoY -0.30 -0.30 percent Dec 2025
Inflation Rate MoM -0.10 -0.60 percent Dec 2025
Producer Prices 118.00 118.10 points Dec 2025


Morocco Inflation Rate
In Morocco, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.
Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.30 10.10 -1.60 2008 - 2025 percent Monthly
2017=100

News Stream
Morocco Sees 2nd Straight Month of Deflation
Consumer prices in Morocco fell 0.3% year on year in December 2025, matching the pace seen in November. It marked the second consecutive month of deflation, as prices continued to decline for food (-1.5% vs -1.5% in November), transport (-1.4% vs -1.5%), communication (-0.4% vs.-0.3%), and leisure and culture (-0.5% vs -0.6%). By contrast, upward price pressures came from housing and utilities (0.6% vs 0.6%), clothing and footwear (0.9% vs 0.7%), healthcare (0.3% vs 0.2%), education (2.1% vs 2.1%), alcoholic beverages and tobacco (3.5% vs 3.4%), furnishings (0.7% vs 0.7%), restaurants and hotels (2.8% vs 2.5%), and miscellaneous goods and services (1.7% vs 1.7%). On a monthly basis, the CPI edged down 0.1% in December, following a 0.6% fall in each of the previous two months, which was the steepest monthly decline since January 2024. For the full year 2025, headline and core inflation averaged 0.8%.
2026-01-22
Morocco Consumer Prices Drop for 1st Time Since 2020
The consumer prices in Morocco fell 0.3% from a year earlier in November 2025, after edging up 0.1% in October. It marked the first deflation since December 2020, as food prices fell the most since March 2021 (-1.5% vs -0.5% in October) while transport prices continued to decline (-1.5% vs -1.9%). Additionally, inflation moderated for housing and utilities (0.6% vs 0.7%), clothing and footwear (0.7% vs 0.8%), and healthcare (0.2% vs 0.3%) while it remained steady for education (2.1%) and alcoholic beverages and tobacco (3.4%). By contrast, inflation accelerated for furnishings (0.7% vs 0.6%), restaurants and hotels (2.5% vs 2.4%), and miscellaneous goods and services (1.7% vs 1.5%). Core inflation, which excludes volatile prices and products subject to public tariffs, dropped by 0.9%, the steepest decline since the data began in 2020, following a 0.2% fall in October. Monthly, the CPI fell 0.6% in November, the same pace as in October, remaining the steepest decline since January 2024.
2025-12-19
Morocco Inflation Rate Lowest Since 2021
The annual inflation rate in Morocco slowed to 0.1% in October 2025, down from 0.4% in September. It marked the lowest inflation since March 2021, as food prices fell for the first time in 17 months (-0.5% vs 0.4% in September) while transport prices continued to decline (-1.9% vs -2.4%). Additionally, inflation moderated for furnishings (0.6% vs 0.8%), restaurants and hotels (2.4% vs 2.9%), and clothing and footwear (0.8% vs 0.9%), while it remained steady for education (2.1%) and alcoholic beverages and tobacco (3.4%). Meanwhile, inflation accelerated for housing and utilities (0.7% vs. 0.6%), healthcare (0.3% vs 0.2%), and miscellaneous goods and services (1.5% vs 1.4%). Core inflation, which excludes volatile prices and products subject to public tariffs, fell by 0.2% in October, marking the first decline since the data began in 2010. On a monthly basis, the CPI fell 0.6% in October, reversing a 0.2% increase in September and marking the steepest decline since January 2024.
2025-11-21