Morocco Consumer Prices Fall 1% in July 2026
Morocco's consumer price index dropped 1% in July 2026 compared to June, according to the High Commission for Planning (HCP).
August 19, 2026
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Source: h24info.ma
Morocco's consumer price index (CPI) fell by 1% in July 2026 compared to the previous month, according to data released by the High Commission for Planning (HCP) on Wednesday, August 19, 2026.
The HCP's latest information note attributes this decline to a 1.1% drop in food prices and a 0.6% decrease in non-food prices. Among food items, prices of fruits, vegetables, and meats saw notable reductions.
On an annual basis, the CPI rose by 0.8% in July 2026 compared to the same month in 2025, reflecting a moderation in inflationary pressures. The core inflation index, which excludes volatile items, also showed a slight monthly decrease of 0.2%.
These figures are based on the HCP's official statistics, which are widely used for economic analysis and policy formulation in Morocco.
❓ Frequently Asked Questions
What is the consumer price index (CPI)?
The CPI measures the average change over time in the prices paid by consumers for a market basket of goods and services. In Morocco, it is calculated by the High Commission for Planning (HCP).
Why did consumer prices fall in July 2026?
The 1% monthly decline was mainly due to a drop in food prices, particularly fruits, vegetables, and meats, as well as a decrease in non-food prices.
What is the annual inflation rate in Morocco as of July 2026?
The annual inflation rate, as measured by the CPI, was 0.8% in July 2026 compared to July 2025.
