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. source: Haut Commissariat au Plan

Inflation Rate in Morocco decreased to 1.20 percent in May from 1.70 percent in April of 2026. Inflation Rate in Morocco averaged 1.80 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 July of 2026.

Inflation Rate in Morocco decreased to 1.20 percent in May from 1.70 percent in April of 2026. Inflation Rate in Morocco is expected to be 1.00 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
2026-05-22 08:00 AM
Inflation Rate YoY
Apr 1.7% 0.9% 1.5%
2026-06-22 09:00 AM
Inflation Rate YoY
May 1.2% 1.7% 2.1%
2026-07-22 08:00 AM
Inflation Rate YoY
Jun 1.2% 1.0%


Related Last Previous Unit Reference
Consumer Price Index CPI 129.10 121.50 points May 2026
Core Inflation Rate -0.10 -0.30 percent May 2026
CPI Housing Utilities 110.90 110.00 points May 2026
CPI Transportation 124.70 126.10 points May 2026
Food Inflation -0.90 0.50 percent May 2026
Inflation Rate YoY 1.20 1.70 percent May 2026
Inflation Rate MoM -0.90 0.40 percent May 2026
Producer Prices 118.70 118.40 points Apr 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
1.20 1.70 10.10 -1.60 2008 - 2026 percent Monthly
2017=100

News Stream
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
Morocco Inflation Rate Quickens to Over 1-Year High in April
Morocco's annual inflation rate picked up to 1.7% in April 2026 from 0.9% in the prior month, marking the highest level since February 2025. Main upward pressure came from prices of transportation (8.4% vs 0.8% in March), as supply disruptions linked to the ongoing Iran war pushed fuel costs higher. Solid price increases were also observed for alcoholic beverages & tobacco (3.8% vs 3.7%); miscellaneous goods & services (3.7% vs 3.5%); education (2.1% vs 2.1%) and restaurants & hotels (2.1% vs 2%). On a monthly basis, the CPI rose by 0.4%, following a 1.2% increase the month before.
2026-05-22
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