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. source: Haut Commissariat au Plan

Inflation Rate in Morocco decreased by 0.30 percent in August from -0.60 percent in July of 2026. Inflation Rate in Morocco averaged 1.78 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 September of 2026.

Inflation Rate in Morocco decreased by 0.30 percent in August from -0.60 percent in July of 2026. Inflation Rate in Morocco is expected to be -0.10 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
2026-08-20 02:10 AM
Inflation Rate YoY
Jul -0.6% 0.3% 0.4%
2026-09-22 08:40 AM
Inflation Rate YoY
Aug -0.3% -0.6% -0.8%
2026-10-22 08:00 AM
Inflation Rate YoY
Sep -0.3% -0.1%


Related Last Previous Unit Reference
Consumer Price Index CPI 119.60 118.70 points Aug 2026
Core Inflation Rate 0.10 -0.10 percent Aug 2026
CPI Housing Utilities 110.90 110.90 points Aug 2026
CPI Transportation 125.80 121.70 points Aug 2026
Food Inflation -3.90 -3.70 percent Aug 2026
Inflation Rate YoY -0.30 -0.60 percent Aug 2026
Inflation Rate MoM 0.80 -1.00 percent Aug 2026
Producer Prices 118.40 118.30 points Jul 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
-0.30 -0.60 10.10 -1.60 2008 - 2026 percent Monthly
2017=100

News Stream
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
Morocco Inflation Slows Further in June
Morocco's annual inflation rate slowed sharply to 0.3% in June 2026, slowing for a second consecutive month, down from 1.2% in May. Food prices fell 2.5% year-on-year, deepening from a 0.9% decline in the previous month, while non-food inflation eased to 2.3% from 2.6%. Among major components, price growth moderated for transport (6.7% vs. 8.1%), housing and utilities (1.4% vs. 1.5%), restaurants and hotels (2.1% vs. 2.2%), and clothing and footwear (0.8% vs. 0.9%). Deflation in recreation and culture deepened slightly (-0.2% vs. -0.1%), while prices for communication continued to decline (-0.3%). Meanwhile, inflation remained unchanged for education (2.1%) and furnishings (1.2%), while health costs rose at a slightly faster pace (0.3% vs. 0.2%). On a monthly basis, consumer prices fell 0.4%, following a 0.8% decrease in May.
2026-07-22