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Morocco’s Annual Inflation Rises to 1.7% in April 2026 – CPI Up 0.4% MoM
Morocco’s consumer price index (CPI) increased by 0.4 % compared with March, pushing the annual inflation rate to 1.7 % in April 2026. The rise was driven mainly by a 1.2 % jump in non‑food prices, while food prices fell 0.6 % month‑over‑month. Core inflation, which excludes volatile items, edged up 0.1 % from March but remains 0.3 % lower than a year ago, indicating modest underlying price pressure.
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Key CPI figures for April 2026
The Moroccan consumer price index rose 0.4 % month‑over‑month, taking the annual inflation rate to 1.7 % year‑over‑year.
Food vs. non‑food price movements
Non‑food items posted a robust +1.2 % increase, while food prices slipped -0.6 %. The biggest contributors to the food‑price decline were:
- Fish & seafood: –11.1 %
- Milk, cheese & eggs: –3.2 %
- Vegetables: –1.8 %
- Oils & fats: –1.6 %
- Bread & cereals: –0.2 %
Meanwhile, price increases were observed for:
- Fruits: +4.7 %
- Meat: +1.6 %
- Mineral water, soft drinks & juices: +0.3 %
Among non‑food categories, fuel prices surged +21.8 %.
Regional CPI variations
Month‑over‑month CPI gains were strongest in Laâyoune (+1.6 %), followed by Tetouan and Al‑Hoceima (+0.9 %), Casablanca (+0.8 %), Safi (+0.7 %) and several other cities ranging from +0.2 % to +0.6 %. The only regions showing declines were Marrakech and Beni‑Mellal (both –0.4 %) and Settat (‑0.3 %).
Year‑over‑year performance
Compared with April 2025, the CPI is up +1.7 %. The increase stems from food prices (+0.6 %) and a stronger rise in non‑food items (+2.5 %). Within non‑food groups, the biggest annual changes ranged from a –0.3 % drop in "Communication" to an +8.4 % jump in "Transport".
Core inflation
Core inflation – which strips out volatile items and regulated prices – rose +0.1 % from March 2026 but fell ‑0.3 % compared with April 2025.