Morocco’s Inflation Remains Stable at 0.4% in June 2025

Casablanca – Morocco’s inflation rate remained stable in June 2025, recording an increase of 0.4% according to the latest figures published by the High Commission for Planning (HCP).

The slight increase in the Consumer Price Index (CPI) was primarily due to rising food prices, which saw an overall increase of 0.8% compared to May. Non-food products rose marginally by 0.1% during the same period.

Several food categories recorded notable price increases between May and June. Meat prices jumped by 4.0%, while fish and seafood rose by 3.9%. Other increases included coffee, tea, and cocoa (1.8%), fruits (1.3%), and dairy products such as milk, cheese, and eggs (0.2%).

However, the price of some products declined. Oils and fats dropped by 1.6%, vegetables by 0.6%, and bread and cereals by 0.4%.

As for non-food products, the only notable increase was in fuel prices, which rose by 0.3%. However, the cost of transport dropped significantly by 3.4%, while prices in the restaurants and hotels category surged by 3.8%.

The HCP’s data revealed regional disparities in the CPI. The largest increases were observed in Laayoune and Beni-Mellal (1.0%), followed by Guelmim (0.9%), Oujda (0.8%), and Meknès (0.7%).

A continued trend of modest price increases

Other notable increases were registered in Tangier (0.5%), Casablanca (0.4%), and other cities including Rabat, Tétouan, Dakhla, Settat, and Errachidia, all recording increases of 0.3%. Marrakech saw a smaller rise of 0.2%.

In contrast, Kenitra and Safi were the only cities to register a slight decline in the CPI, both down by 0.1%.

Compared to June 2024, overall inflation stood at 0.4%, reflecting a continued trend of modest price increases. Food products were again the main contributor, rising by 0.8% over the year, while non-food items posted a smaller increase of 0.1%.

The HCP also reported a rise in Morocco’s core inflation indicator, which excludes volatile and government-regulated products. Core inflation increased by 0.2% compared to May 2025 and by 1.1% compared to the same month last year.

This trend shows ongoing price pressures in Morocco’s economy, despite a general slowdown in overall inflation.