Inflation Trends in Morocco's Consumer Price Index for September 2026
Rabat, Morocco – The Moroccan Consumer Price Index (CPI) experienced a notable increase of 1.0% in September 2026 compared to August 2026. This rise, as reported by the High Commission for Planning (HCP), is attributed primarily to a significant increase in food prices, which rose by 1.6%, along with a 0.4% increase in non-food items. This monthly inflation trend reflects ongoing economic conditions affecting consumers in Morocco.
In a year-on-year comparison, the CPI in September 2026 was 0.5% higher than the same month in the previous year. This annual trend reveals a mixed picture: while non-food prices registered an increase of 2.8% compared to September 2025, food prices experienced a decrease of 2.5% over the same period. This divergence highlights the complex dynamics of the Moroccan economy and consumer purchasing behavior.
Key Contributors to Monthly Price Increase
The most significant price increases in September were observed in essential food items. Notably, the prices of meat and vegetables surged by 4.3% between August and September 2026. Consumers also faced a 1.6% increase in the costs of milk, cheese, and eggs, while soft drinks and fruits saw slight rises of 0.2% and 0.1%, respectively. Conversely, there was a minor decline in fish and seafood prices (-0.4%) and in coffee, tea, and cocoa (-0.3%).
In terms of non-food items, the sharp increase in fuel prices, which rose by 2.0%, had a significant impact on the month's overall inflation rate. Over the course of a year, the transport sector displayed the most pronounced price increase, with costs rising by 9.4% in September 2026 compared to the same month in the previous year, while the communications sector remained stable during this period.
Regionally, the inflation rates varied significantly across Morocco in September. Laâyoune recorded the highest increase in the Consumer Price Index at 2.8%, followed by Beni-Mellal at 2.4% and Guelmim at 1.6%. In contrast, the major cities of Marrakech (+1.4%), Rabat (+1.3%), Fès (+1.0%), Casablanca (+0.6%), and Tanger (+0.6%) experienced more moderate increases. Safi reported the smallest rise at 0.5%, while Al-Hoceïma was the only city to see a decrease, with a decline of 0.3% in its Consumer Price Index.
Core inflation, which excludes volatile goods and government-regulated prices, also saw a rise of 0.5% in September 2026 compared to the previous month. When compared to September 2025, this marks an increase of 0.6%. As the autumn progresses, the future trends of food and energy prices will be crucial to monitor for consumers and policymakers alike.
As reported by maghreb-post.de.
