Inflation picked up again in the second quarter of 2026 after easing at the start of the year, new figures
Inflation picked up again in the second quarter of 2026 after easing at the start of the year, new figures

Consumer prices in Morocco rose by 0.5% between July and August 2025, driven largely by a sharp increase in food costs. According to figures released by the High Commission for Planning, food prices surged by 1.1% over the month, while non-food items saw a marginal uptick of just 0.1%.

Among the food categories, vegetables led the spike with a 3.4% rise, followed by fruits, which climbed 2.8%. Prices for fish and seafood rose by 2.0%, meats by 1.9%, while coffee, tea, and cocoa saw a more modest increase of 0.5%. Dairy products also edged up by 0.4%. In contrast, oils and fats dropped by 0.6%, and soft drinks and juices dipped by 0.4%.

On the non-food side, price movement was relatively subdued. The most notable change came from fuel prices, which rose by 0.4%.

Regionally, the highest month-over-month increases were recorded in Al Hoceima (+2.2%), Beni Mellal (+1.4%), and Settat (+1.2%), with Tangier and Safi both registering a 1.1% rise. Dakhla was the only region to experience a decline, with its overall index slipping by 0.3%.

Looking at the broader picture, annual inflation remains moderate. As of August, the general consumer price index had risen by only 0.3% over the previous 12 months. Food prices were up just 0.2% year-over-year, while non-food prices climbed by 0.3%. However, there were wide disparities depending on the spending category. Transport costs, for instance, fell by 2.4%, while prices in restaurants and hotels jumped by 2.9%.

Core inflation, which excludes volatile items and regulated prices, was unchanged over the month. Compared to the same period last year, however, it rose by 0.7%, pointing to some underlying price pressures beneath the headline figures.