Morocco sees mild inflation uptick 0.1% in October (HCP)

The Consumer Price Index (CPI) saw a slight uptick of 0.1% in October 2025 compared to the same period last year, as revealed by the High Commission for Planning (HCP).

This marginal increase is the result of a 0.3% decline in the food products index, counterbalanced by a 0.4% rise in the non-food products index, according to a detailed briefing note on October's CPI released by the HCP.

Within the non-food category, fluctuations ranged from a notable 1.9% drop in transportation costs to a 2.4% surge in the prices of services in restaurants and hotels, the report highlights.

When compared to September, the CPI experienced a 0.6% decrease in October. This change is attributed to a significant 1.3% reduction in the food products index, while the non-food products index remained stable.

The decline in food prices from September to October 2025 was primarily driven by a sharp 3.7% fall in oils and fats, a 2.8% decrease in meat, a 1.4% drop in vegetables, a 1.3% reduction in fish and seafood, a 0.9% decrease in fruits, and a slight 0.2% dip in milk, cheese, and eggs.

On the other hand, prices for coffee, tea, and cocoa saw a modest increase of 0.2%. In the non-food sector, the most notable decrease was in fuel prices, which fell by 0.6%.

The most pronounced CPI decreases were observed in Al Hoceima with a 1.5% drop, followed by Settat and Safi at 1%, Tetouan and Beni-Mellal at 0.9%, Agadir and Marrakech at 0.8%, Tangier at 0.7%, and Casablanca, Fez, Dakhla, and Guelmim at 0.6%. Rabat, Laayoune, and Errachidia each saw a 0.5% decline.

In contrast, Kenitra recorded a slight increase of 0.2%.