Morocco’s consumer price index (CPI) fell by 1.0% in July 2026 compared with the previous month, driven by declines in both food and non-food prices, according to the High Commission for Planning (HCP).
The decline resulted from a 1.9% drop in the index of food products and a 0.3% decrease in the index of non-food products.
Between June and July, food prices fell mainly for vegetables, down 7.6%, followed by fish and seafood at 3.9%, fruit at 3.7%, meat at 1.2%, and milk, cheese and eggs at 0.3%.
In contrast, prices increased by 0.3% for mineral water, soft drinks, and fruit and vegetable juices, while coffee, tea and cocoa prices rose by 0.2%.
Among non-food products, the main decline concerned fuel prices, which fell by 4.9%.
The largest decreases in the CPI were recorded in Marrakech, where prices fell by 1.7%, followed by Safi at 1.4% and Guelmim at 1.3%. The CPI declined by 1.1% in Tangier and by 1.0% in Casablanca, Rabat and Meknes.
Agadir, Settat and Beni-Mellal recorded declines of 0.9%, while the index fell by 0.8% in Fez and Oujda, 0.7% in Tetouan, 0.6% in Al Hoceima, 0.5% in Dakhla and 0.3% in Errachidia.
Compared with the same month a year earlier, the CPI fell by 0.6% in July 2026. This annual decrease resulted from a 3.7% decline in food prices, while non-food prices increased by 1.9%.
Within the non-food category, annual price changes ranged from a 0.2% decline in communication prices to a 4.1% increase in transport prices.
The HCP’s underlying inflation indicator, which excludes products with volatile prices and products subject to public tariffs, fell by 0.1% in July compared with June. It also declined by 0.1% compared with July 2025.
