Morocco inflation rises in September driven by food and fuel costs

Morocco inflation consumer price index food prices fuel costs Haut-Commissariat au Plan

Morocco's consumer prices rose by 0.5% year-on-year in September, following periods of contraction in July and August. While annual inflation remains relatively low compared to previous years, monthly data shows a 1% increase from August to September.

The rise was primarily driven by a 1.6% increase in food prices—specifically meat and vegetables, which both rose by 4.3%—and a 2% increase in fuel prices. The transport sector saw the largest annual increase at 9.4%, fueled by high costs for imported fuel.

Regional disparities were noted, with Laâyoune (+2.8%) and Béni Mellal (+2.4%) seeing the highest monthly price increases, while Al Hoceïma recorded a slight decrease of 0.3%. Despite these fluctuations, the government aims to stabilize inflation at approximately 2% between 2027 and 2031.

Entities

Bill Ackman · Federal Reserve · Haut-Commissariat au Plan · Midwest Region · Morocco · Pershing Square · U.S. Bureau of Labor Statistics · United States

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Fuel prices increased by 2% in September. alyaoum24.com
[● 2 SOURCES] The transport sector saw a 9.4% annual increase. www.alborsaanews.com · alyaoum24.com
[● 2 SOURCES] Non-food item prices increased by 2.8% year-on-year. www.alborsaanews.com · alyaoum24.com
[○ 1 SOURCE] The Moroccan government targets inflation at 2% between 2027 and 2031. www.alborsaanews.com
[○ 1 SOURCE] Laayoune recorded the highest price increase at 2.8%. alyaoum24.com
[● 2 SOURCES] Food prices decreased by 2.5% year-on-year. www.alborsaanews.com · alyaoum24.com
[○ 1 SOURCE] Meat and vegetable prices rose by 4.3% in a single month. alyaoum24.com
[● 2 SOURCES] Morocco's consumer prices rose by 0.5% year-on-year in September. www.alborsaanews.com · alyaoum24.com
[○ 1 SOURCE] The gasoline index climbed 9.1% in September.
[○ 1 SOURCE] Gasoline accounted for more than half of the monthly CPI increase in September.
[○ 1 SOURCE] Bill Ackman linked an optimistic 2027 stock outlook to easing conflicts and lower energy prices.
[○ 1 SOURCE] The Consumer Price Index rose 0.6% on a seasonally adjusted basis from August to September.