Consumer prices in Morocco rose by 0.9% year-on-year in March 2026, after a 0.6% decrease in February, bringing an end to four consecutive months of deflation. This was largely driven by a rebound in prices of transportation (0.8% vs -2.7% in February) and food and non-alcoholic beverages (0.5% vs -2.2%). Additional upward pressure stemmed from prices of alcoholic beverages & tobacco (3.7% vs 3.7%); clothing & footwear (1% vs 0.9%); miscellaneous goods & services (3.5% vs 3.8%); restaurants & hotels (2% vs 2.1%) and education (2.1% vs 2.1%). On a monthly basis, consumer prices surged by 1.2%, the sharpest increase since April 2023, up from a 0.5% rise in February, mainly on account of transportation (3%) and food & non-alcoholic beverages (1.9%). source: Haut Commissariat au Plan

Inflation Rate in Morocco increased to 0.90 percent in March from -0.60 percent in February of 2026. Inflation Rate in Morocco averaged 1.81 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 May of 2026.

Inflation Rate in Morocco increased to 0.90 percent in March from -0.60 percent in February of 2026. Inflation Rate in Morocco is expected to be 1.50 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 1.40 percent in 2027 and 1.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-20 09:00 AM
Inflation Rate YoY
Feb -0.6% -0.8% -1.0%
2026-04-22 08:00 AM
Inflation Rate YoY
Mar 0.9% -0.6% -0.8%
2026-05-22 08:00 AM
Inflation Rate YoY
Apr 0.9%


Related Last Previous Unit Reference
Consumer Price Index CPI 121.00 119.60 points Mar 2026
Core Inflation Rate -0.60 -1.20 percent Mar 2026
CPI Housing Utilities 109.80 109.60 points Mar 2026
CPI Transportation 118.40 115.00 points Mar 2026
Food Inflation 0.50 -2.20 percent Mar 2026
Inflation Rate YoY 0.90 -0.60 percent Mar 2026
Inflation Rate MoM 1.20 0.50 percent Mar 2026
Producer Prices 118.40 118.20 points Mar 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
0.90 -0.60 10.10 -1.60 2008 - 2026 percent Monthly
2017=100

News Stream
Morocco CPI Rises in March
Consumer prices in Morocco rose by 0.9% year-on-year in March 2026, after a 0.6% decrease in February, bringing an end to four consecutive months of deflation. This was largely driven by a rebound in prices of transportation (0.8% vs -2.7% in February) and food and non-alcoholic beverages (0.5% vs -2.2%). Additional upward pressure stemmed from prices of alcoholic beverages & tobacco (3.7% vs 3.7%); clothing & footwear (1% vs 0.9%); miscellaneous goods & services (3.5% vs 3.8%); restaurants & hotels (2% vs 2.1%) and education (2.1% vs 2.1%). On a monthly basis, consumer prices surged by 1.2%, the sharpest increase since April 2023, up from a 0.5% rise in February, mainly on account of transportation (3%) and food & non-alcoholic beverages (1.9%).
2026-04-22
Morocco Sees Consumer Deflation for 4th Month
The consumer price index in Morocco fell by 0.6% year-on-year in February 2026, after a 0.8% decrease in January, marking the fourth consecutive month of deflation. Prices continued to decline for food & non-alcoholic beverages (-2.2% vs -2.4% in January); transportation (-2.7% vs -2.9%); communication (-0.4% vs -0.4%) and recreation & culture (-0.2% vs -0.4%). Conversely, the biggest increases were seen for miscellaneous goods & services (3.8%); alcoholic beverages & tobacco (3.7%); restaurants & hotels (2.1%) and education (2.1%). On a monthly basis, the CPI rose by 0.5% in February, following a 0.3% increase in the prior month.
2026-03-20
Morocco's Consumer Deflation Deepens in January
The consumer price index in Morocco decreased by 0.8% year-on-year in January 2026, extending a 0.3% fall in each of the previous two months. Downward pressure came from prices of food & non-alcoholic beverages (-2.4% vs -1.5% in December); transportation (-2.9% vs -1.4%); communication (-0.4% vs -0.4%) and recreation & culture (-0.4% vs -0.5%). Bucking the trend, alcoholic beverages and tobacco (+3.7%); miscellaneous goods and services (+2.8%); restaurants and hotels (+2.3%); and education (+2.1%) recorded the largest price increases. On a monthly basis, the CPI rose by 0.3% in January, after a 0.1% decrease in the prior month.
2026-02-20