The High Commission for Planning reports that inflation continued its downward trajectory for the third consecutive quarter, reaching -0.1% in the fourth quarter of 2025, compared to 2% at year’s beginning. This reversal resulted from a 0.7% contraction in food prices combined with a 0.4% increase in non-food products. The sharp food inflation retreat was driven by significant olive oil price decreases, facilitated by an abundant national harvest, alongside falling meat prices. This favorable inflation environment provides Moroccan monetary authorities with greater flexibility in managing economic policy while supporting household purchasing power recovery. However, pockets of price pressure in fresh products and imported commodities like coffee indicate that localized inflationary forces persist despite the overall downward trend in price growth.

Source: The North Africa Journal January 13, 2026 16:18 UTC