Food prices fall, but inflation rises 1.2% in Morocco in May

The consumer price index (CPI) rose by 1.2% in May 2026 compared with the same month a year earlier, according to the High Commission for Planning (HCP).

The increase was driven by a 2.6% rise in non-food prices, while food prices fell by 0.7%, the HCP said in a note on the CPI for May 2026.

Among non-food products, price changes ranged from a 0.3% decline in communications to an 8.1% increase in transport.

On a monthly basis, the CPI fell by 0.9% in May compared with April 2026. This decline was the result of a 2.1% drop in food prices, while non-food prices remained unchanged.

The decrease in food prices was mainly driven by lower prices for vegetables (-8.6%), fish and seafood (-3.7%), meat (-1.9%), milk, cheese and eggs (-1.7%), oils and fats (-0.8%), and coffee, tea and cocoa (-0.4%).

By contrast, prices rose by 0.2% for fruit, as well as for mineral water, soft drinks, and fruit and vegetable juices.

For non-food products, the decline was primarily linked to a 3.6% drop in fuel prices.

The largest monthly decreases in the CPI were recorded in Safi (-2.1%), followed by Beni Mellal (-1.3%), Casablanca, Tangier and Al Hoceima (-1.2%), Fez and Errachidia (-1.1%), Agadir, Rabat and Laâyoune (-1%), Settat (-0.8%), Tetouan and Dakhla (-0.7%), Marrakech (-0.4%) and Oujda (-0.2%).

Under these conditions, core inflation, which excludes products with volatile prices and those subject to public tariffs, rose by 0.3% in May 2026 compared with April 2026, but declined by 0.1% compared with May 2025.