Morocco CPI Rises in March

2026-04-22 13:05 By Luisa Carvalho 1 min. read

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%).



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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.
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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.
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