Rabat — The majority of Moroccan households are pessimistic about their saving prospects as inflation persists, a new survey has found. The survey by Morocco’s High Commission for Planning (HCP) alarmingly shows that most families don’t expect to put money aside as food prices continue to rise.
In particular, the report documents that only 11.2% of Moroccan households believe they will manage to save any money in the next 12 months. Meanwhile, the vast majority — namely 88.8% — don’t expect to save at all.
The opinion balance for this indicator stands at negative 77.6 points, showing a tiny improvement from negative 77.8 points in the previous quarter and negative 81.5 points in the same period last year, the survey found.
Almost everyone feels the pinch of rising food costs
HCP’s survey further reveals a striking consensus about food prices, with 97.6% of households reporting that food costs increased over the past year.
This pushed the opinion balance to negative 97.4 points, slightly worse than the negative 97.2 points recorded in the previous quarter and the negative 96.5 points from a year ago.
Looking ahead, most Moroccans expect no relief. Over 81% believe food prices will continue climbing in the coming year, while only 1.6% expect prices to drop. This results in a negative opinion balance of 80 points — a small improvement from the negative 81.8 points last quarter but significantly worse than the negative 70.1 points recorded a year earlier.
The HCP’s Household Confidence Index measures families’ perceptions about living standards, unemployment, their financial situation, and whether they consider it a good time to buy durable goods.
The quarterly survey also tracks households’ saving capacity and their experiences with food price trends.
The situation was mainly caused by inflation, which reached 2.2% in the first quarter of 2025, up sharply from 0.7% just three months earlier.
The increase in goods’ prices is putting pressure on Moroccan families, and is attributed to a 3.7% rise in food prices and a 1.1% rise in the cost of non-food items.
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