Morocco's annual consumer price inflation rose to 0.9% in March 2026, according to data released by the High Commission for Planning (HCP), the national statistics agency. This marks a significant shift from the deflationary rate of -0.6% recorded in February.
The increase is primarily attributed to a 1.5% rise in food prices, which had previously been in decline. Non-food inflation also saw an uptick, reaching 0.6% in March compared to 0.2% the previous month.
Key contributors to the food price increase included fresh vegetables, oils, and sugar. The HCP noted that the underlying inflation indicator, which excludes volatile items like fresh food and regulated prices, stood at 1.8% for the month.
The return to positive inflation follows a period of price stability and deflation in early 2026, influenced by government measures and international market conditions. Analysts will monitor the trend to assess its impact on household purchasing power and monetary policy.
