Consumer prices in Morocco rose by 0.5% year-on-year in September 2026, recording their strongest increase since May. The rebound followed two consecutive months of deflation in July and August. Upward pressure came primarily from prices of transportation (9.4% vs 7.3% in August), alongside miscellaneous goods & services (3.9% vs 3.2%) and alcoholic beverages & tobacco (3.9% vs 3.9%) and restaurants & hotels (2.9% vs 2.3%). On a monthly basis, consumer prices advanced by 1% in September, the most since March, after rising by 0.8% in the month before. The highest rates were seen for food & non-alcholic beverages (1.7%), transportation (1%) and education (1.2%). source: Haut Commissariat au Plan

Inflation Rate in Morocco increased to 0.50 percent in September from -0.30 percent in August of 2026. Inflation Rate in Morocco averaged 1.77 percent from 2008 until 2026, 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 November of 2026.

Inflation Rate in Morocco increased to 0.50 percent in September from -0.30 percent in August of 2026. Inflation Rate in Morocco is expected to be 0.70 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 1.50 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-22 08:40 AM
Inflation Rate YoY
Aug -0.3% -0.6% -0.8%
2026-10-22 09:00 AM
Inflation Rate YoY
Sep 0.5% -0.3% -0.1%
2026-11-20 09:00 AM
Inflation Rate YoY
Oct 0.5% 0.5%


Related Last Previous Unit Reference
Consumer Price Index CPI 120.80 119.60 points Sep 2026
Core Inflation Rate 0.60 0.10 percent Sep 2026
CPI Housing Utilities 111.00 110.90 points Sep 2026
CPI Transportation 127.00 125.80 points Sep 2026
Food Inflation -2.70 -3.90 percent Sep 2026
Inflation Rate YoY 0.50 -0.30 percent Sep 2026
Inflation Rate MoM 1.00 0.80 percent Sep 2026
Producer Prices 119.00 118.90 points Sep 2026


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 -0.30 10.10 -1.60 2008 - 2026 percent Monthly
2017=100

News Stream
Morocco CPI Rebounds in September
Consumer prices in Morocco rose by 0.5% year-on-year in September 2026, recording their strongest increase since May. The rebound followed two consecutive months of deflation in July and August. Upward pressure came primarily from prices of transportation (9.4% vs 7.3% in August), alongside miscellaneous goods & services (3.9% vs 3.2%) and alcoholic beverages & tobacco (3.9% vs 3.9%) and restaurants & hotels (2.9% vs 2.3%). On a monthly basis, consumer prices advanced by 1% in September, the most since March, after rising by 0.8% in the month before. The highest rates were seen for food & non-alcholic beverages (1.7%), transportation (1%) and education (1.2%).
2026-10-22
Morocco Posts Deflation for 2nd Month
Consumer prices in Morocco fell by 0.3% year-on-year in August 2026, following a 0.6% decrease in July, as deflation persisted for a second straight month. Food and non-alcoholic beverages posted a sharper price decline of 4.2% in August, compared with 4.0% in July, while communication prices fell 0.2% for a second month. Meanwhile, inflation moderated for housing and utilities (1.4% vs 1.5%) and restaurants and hotels (2.3% vs 2.4%). On the other hand, price growth accelerated sharply for transportation (7.3% vs 4.1%). The core inflation index, which excludes products with volatile prices and those subject to public tariffs, increased by 0.2% from July and by 0.1% from August 2025. On a monthly basis, the CPI rose by 0.8%, after a 1% decline in the previous month.
2026-09-22
Morocco Consumer Prices Fall for 1st Time in 5 Months
Consumer prices in Morocco fell 0.6% from a year earlier in July 2026, reversing a 0.3% rise in June 2026 and marking the first decline since February. The decline came as food prices fell 3.7% year-on-year, deepening from a 2.5% drop in the previous month, while non-food inflation slowed to 1.9% from 2.3%. Among major components, prices decreased for communication (-0.2% vs -0.3% in June), while prices moderated for transport (4.1% vs 6.7%), clothing and footwear (0.7% vs 0.8%), and furnishings (0.9% vs 1.2%). Meanwhile, inflation remained unchanged for education (2.1%) and health (0.3%). By contrast, inflation accelerated for housing and utilities (1.5% vs 1.4%) and restaurants and hotels (2.4% vs 2.1%), while recreation and culture was unchanged after shrinking 0.2% in June. On a monthly basis, consumer prices dropped 1.0%, following a 0.4% decrease in June, marking the steepest decline since April 2011.
2026-08-20