Morocco Inflation Rate at 12-Month High of 2%

The annual inflation rate in Morocco increased to 2.0% in January 2025 from 0.7% in the previous month.

It marked the highest inflation rate since January 2024, with food and non-alcoholic beverage prices rising the most in a year (3.4% vs 0.6% in December 2024).

Also, inflation accelerated for alcoholic beverages and tobacco (3.0% vs 2.4%), while it remained stable for housing and utilities (at 3.6%), furniture, household items, and routine household maintenance (at 0.3%), and education (at 2.3%).

Meanwhile, inflation moderated for clothing and footwear (0.9% vs 1.3%), miscellaneous goods and services (2.0% vs 2.2%), recreation and culture (0.2% vs 0.3%), and restaurants and hotels (3.5% vs 3.8%).

In the meantime, communication prices were flat after edging up 0.1% in December.

Additionally, deflation eased for transport (-2.7% vs. -3.2%).

Monthly, consumer prices rose 0.8% in January, the first increase in five months, rebounding from a 0.2% fall in the previous month.