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. source: Haut Commissariat au Plan

Inflation Rate in Morocco decreased to 0.30 percent in June from 1.20 percent in May of 2026. Inflation Rate in Morocco averaged 1.79 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 August of 2026.

Inflation Rate in Morocco decreased to 0.30 percent in June from 1.20 percent in May of 2026. Inflation Rate in Morocco is expected to be -0.50 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 2.10 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-22 08:00 AM
Inflation Rate YoY
Jun 0.3% 1.2% 1.0%
2026-08-20 02:10 AM
Inflation Rate YoY
Jul -0.6% 0.3% 0.4%
2026-09-22 08:00 AM
Inflation Rate YoY
Aug -0.6% -0.8%


Related Last Previous Unit Reference
Consumer Price Index CPI 118.70 119.90 points Jul 2026
Core Inflation Rate -0.10 -0.10 percent Jul 2026
CPI Housing Utilities 110.40 110.80 points Jul 2026
CPI Transportation 121.70 123.40 points Jul 2026
Food Inflation -3.70 -2.50 percent Jul 2026
Inflation Rate YoY -0.60 0.30 percent Jul 2026
Inflation Rate MoM -1.00 -0.40 percent Jul 2026
Producer Prices 118.30 118.40 points Jun 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
-0.60 0.30 10.10 -1.60 2008 - 2026 percent Monthly
2017=100

News Stream
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
Morocco Inflation Slows to 1.2%
Morocco’s annual inflation rate slowed to 1.2% in May 2026 from 1.7% in the previous month. The main downward pressure came from a decline in food prices (-0.7% vs 0.6% in April), particularly food and non-alcoholic beverages (-0.9% vs 0.5%). Meanwhile, non-food inflation edged up slightly to 2.6% from 2.5%, as price growth accelerated in housing and utilities (1.5% vs 0.7%) and furniture, household items and routine home maintenance (1.2% vs 0.6%). On the other hand, inflation moderated in transport (8.1% vs 8.4%) and clothing and footwear (0.9% vs 1.0%), while prices declined for recreation and culture (-0.1% vs 0.2%). On a monthly basis, consumer prices fell by 0.9%, marking the first decline this year, following a 0.4% increase in the previous period.
2026-06-22