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. source: Haut Commissariat au Plan

Inflation Rate in Morocco decreased by 0.60 percent in February from -0.80 percent in January 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 March of 2026.

Inflation Rate in Morocco decreased by 0.60 percent in February from -0.80 percent in January of 2026. Inflation Rate in Morocco is expected to be -0.80 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 1.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-20 09:30 AM
Inflation Rate YoY
Jan -0.8% -0.3% -0.2%
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 -0.6% -0.8%


Related Last Previous Unit Reference
Consumer Price Index CPI 119.60 119.00 points Feb 2026
Core Inflation Rate -1.20 -1.20 percent Feb 2026
CPI Housing Utilities 109.60 109.60 points Feb 2026
CPI Transportation 115.00 113.90 points Feb 2026
Food Inflation -2.20 -2.40 percent Feb 2026
Inflation Rate YoY -0.60 -0.80 percent Feb 2026
Inflation Rate MoM 0.50 0.30 percent Feb 2026
Producer Prices 118.40 118.00 points Jan 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 -0.80 10.10 -1.60 2008 - 2026 percent Monthly
2017=100

News Stream
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
Morocco Sees 2nd Straight Month of Deflation
Consumer prices in Morocco fell 0.3% year on year in December 2025, matching the pace seen in November. It marked the second consecutive month of deflation, as prices continued to decline for food (-1.5% vs -1.5% in November), transport (-1.4% vs -1.5%), communication (-0.4% vs.-0.3%), and leisure and culture (-0.5% vs -0.6%). By contrast, upward price pressures came from housing and utilities (0.6% vs 0.6%), clothing and footwear (0.9% vs 0.7%), healthcare (0.3% vs 0.2%), education (2.1% vs 2.1%), alcoholic beverages and tobacco (3.5% vs 3.4%), furnishings (0.7% vs 0.7%), restaurants and hotels (2.8% vs 2.5%), and miscellaneous goods and services (1.7% vs 1.7%). On a monthly basis, the CPI edged down 0.1% in December, following a 0.6% fall in each of the previous two months, which was the steepest monthly decline since January 2024. For the full year 2025, headline and core inflation averaged 0.8%.
2026-01-22