The annual inflation rate in Morocco accelerated to 0.5% in July 2025, up from June’s 12-month low of 0.4%. It marked the highest rate since April, driven primarily by a rise in food and non-alcoholic beverage prices, which increased by 0.9%—the sharpest gain in four months—compared to 0.8% in June. Inflation also accelerated for furnishings (0.8% vs 0.4%), alcoholic beverages and tobacco (3.5% vs 3.4%), and miscellaneous goods and services (1.5% vs 1.4%). Meanwhile, inflation held steady for housing and utilities (0.6%), clothing and footwear (0.7%), healthcare (0.2%), and education (2.3%). In contrast, inflation eased for restaurants and hotels (3.4% vs 3.8%), while transport prices declined at a slower pace (-2.9% vs -3.4%). On a monthly basis, consumer prices edged down 0.1% in July, following a 0.4% increase in June. source: Haut Commissariat au Plan

Inflation Rate in Morocco increased to 0.50 percent in July from 0.40 percent in June of 2025. Inflation Rate in Morocco averaged 1.88 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 September of 2025.

Inflation Rate in Morocco increased to 0.50 percent in July from 0.40 percent in June of 2025. Inflation Rate in Morocco is expected to be 0.90 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 1.80 percent in 2026 and 2.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-22 10:30 AM
Inflation Rate YoY
Jun 0.4% 0.4% 1.2%
2025-08-20 03:00 AM
Inflation Rate YoY
Jul 0.5% 0.4% 0.2%
2025-09-22 09:00 AM
Inflation Rate YoY
Aug 0.5%


Related Last Previous Unit Reference
Consumer Price Index CPI 119.40 119.50 points Jul 2025
Core Inflation Rate 0.90 1.10 percent Jul 2025
CPI Housing Utilities 109.30 109.30 points Jul 2025
CPI Transportation 116.90 115.70 points Jul 2025
Food Inflation 0.90 0.80 percent Jul 2025
Inflation Rate YoY 0.50 0.40 percent Jul 2025
Inflation Rate MoM -0.10 0.40 percent Jul 2025
Producer Prices 117.40 117.50 points Jul 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
0.50 0.40 10.10 -1.60 2008 - 2025 percent Monthly
2017=100

News Stream
Morocco Inflation Rate at 3-Month High of 0.5%
The annual inflation rate in Morocco accelerated to 0.5% in July 2025, up from June’s 12-month low of 0.4%. It marked the highest rate since April, driven primarily by a rise in food and non-alcoholic beverage prices, which increased by 0.9%—the sharpest gain in four months—compared to 0.8% in June. Inflation also accelerated for furnishings (0.8% vs 0.4%), alcoholic beverages and tobacco (3.5% vs 3.4%), and miscellaneous goods and services (1.5% vs 1.4%). Meanwhile, inflation held steady for housing and utilities (0.6%), clothing and footwear (0.7%), healthcare (0.2%), and education (2.3%). In contrast, inflation eased for restaurants and hotels (3.4% vs 3.8%), while transport prices declined at a slower pace (-2.9% vs -3.4%). On a monthly basis, consumer prices edged down 0.1% in July, following a 0.4% increase in June.
2025-08-20
Morocco Inflation Holds at One-Year Low in June
The annual inflation rate in Morocco held steady at 0.4% in June 2025, matching May’s one-year low. Price growth accelerated in food and non-alcoholic beverages (0.8% vs 0.4% in May), while the pace of decline slowed in transport (-3.4% vs -4.3%). Meanwhile, inflation was unchanged across several categories, including furnishings (0.4%), clothing and footwear (0.7%), healthcare (0.2%), and education (2.3%). However, inflation eased slightly in alcoholic beverages and tobacco (3.4% vs 3.5%), housing and utilities (0.6% vs 2.1%), restaurants and hotels (3.8% vs 3.9%), and miscellaneous goods and services (1.4% vs 1.5%). On a monthly basis, consumer prices rose 0.4% in June, rebounding from a 4.0% decline in May.
2025-07-22
Morocco Inflation Rate Eases to 12-Month Low
The annual inflation rate in Morocco slowed to 0.4% in May 2025 from 0.7% in the previous month. It marked the lowest inflation since May 2024, with food prices rising the least in seven months (0.4% vs 0.5% in April). Inflation also moderated for housing & utilities (2.1% vs 3.7%), restaurants & hotels (3.9% vs 4.4%), clothing & footwear (0.7% vs 0.8%), alcoholic beverages and tobacco (3.5% vs 3.6%), and healthcare (0.2% vs 0.3%). Inflation was steady for furnishing (at 0.4%), miscellaneous goods and services (at 1.5%), and education (at 2.3%). Additionally, transport prices fell at a faster pace (-4.3% vs 4.0%). On a monthly basis, consumer prices dropped by 0.4% in May, the steepest decline in 16 months, following a 0.3% fall in April.
2025-06-20