The Consumer Price Index (CPI) increased by 0.9% in March 2026 compared to the same month of the previous year, according to a note published on Wednesday, April 22, by the High Commission for Planning (HCP). This evolution is the result of a 0.6% increase in food prices and a 1.1% increase in non-food products.
In the non-food component, the variations were mixed: prices for “leisure and culture” decreased by 0.4%, while the category of “miscellaneous goods and services” saw a significant increase of 3.5%.
On a monthly basis, the CPI rose by 1.2% between February and March 2026, driven by a 1.9% increase in food products and a 0.6% increase in non-food products.
The increase in food prices on a monthly basis mainly affected vegetables (+9.7%), fruits (+2.6%), meats (+2.4%), fish and seafood (+1.3%), coffee, tea and cocoa (+0.3%).
Conversely, prices decreased for certain categories, including oils and fats (-2.4%) as well as milk, cheese and eggs (-0.2%). In the non-food products category, the increase was largely driven by the surge in fuel prices (+10.7%).
On a territorial level, the highest monthly increases in the CPI were recorded in Guelmim and Al Hoceïma (+2.7%), Errachidia (+1.8%), Agadir (+1.6%), Safi (+1.4%), Tangier (+1.3%), Marrakech, Dakhla and Beni Mellal (+1.2%), Laayoune (+1.1%), Casablanca, Oujda and Tetouan (+1%), Kenitra, Rabat and Meknes (+0.9%), as well as in Fez and Settat (+0.7%).
The underlying inflation, which excludes volatile price products and administered tariffs, increased by 0.6% year-on-year in March 2026, reflecting generally moderate inflationary pressures.
