Consumer prices in Morocco saw a slight decline in July 2025, offering households a modest reprieve as many continue to manage rising costs for essential goods.
Official figures from the High Commission for Planning (HCP) show a 0.1% decrease in the Consumer Price Index (CPI) compared to June, largely driven by lower food prices.
Food prices fell by 0.5%, with a sharp 4.7% drop in vegetable costs. Fruits also saw a decrease of 0.9%, while oils, cereals, and meat experienced smaller declines.
However, dairy products became more expensive, with milk, cheese, and eggs increasing by 2.7%. Hot drinks, such as coffee, tea, and cocoa, rose by 0.6%, and fish and seafood saw a 0.4% increase.
On the other hand, non-food products rose by 0.2%. Fuel, in particular, placed a heavy burden on household budgets, increasing by 3.5%. Price changes were not uniform across the country. Meknes recorded the largest drop in consumer prices at –0.7%, followed by Guelmim (–0.6%) and Laâyoune and Settat (–0.5%). Smaller decreases were observed in Oujda, Marrakech, Rabat, Safi, and Beni Mellal.
Meanwhile, households in Errachidia faced a price increase of 0.8%, with Al Hoceima and Tetouan also seeing higher prices.
Looking at the year-on-year figures, consumer prices in July 2025 were 0.5% higher than in July 2024. Food products rose by 0.9%, while non-food goods increased by 0.2%. Within non-food items, transport costs decreased by 2.9%, but restaurant and hotel prices rose by 3.4%, highlighting the pressure on household spending from services.
Core inflation, which excludes volatile items like fresh produce and state-regulated prices, dropped by 0.1% from the previous month but remained 0.9% higher than the same time last year.
The data presents a mixed picture: while households are paying less for fresh produce, they continue to face higher costs for fuel, dairy, and luxury services.