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Morocco consumer price deflation

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2026-08-23 13:02 UTC → 2026-09-05 16:42 UTC · added ~~removed~~

In July 2026, Morocco experienced a decline in consumer prices, with the consumer price index falling 0.6% year-on-year. This marked the first annual decline in five months, following a period of volatility that began in late 2025. The deflationary trend was primarily driven by a 3.7% drop in food ~~prices.~~ prices, an acceleration from the 2.5% decrease recorded in June. Non-food inflation also moderated, slowing to 1.9% from 2.3% in June, with price growth slowing in sectors including transport, clothing, footwear, and furniture. On a month-on-month basis, consumer prices dropped by 1.0%, ~~which represented~~ representing the largest monthly decline since April 2011. ~~Despite the overall decline, some~~ While most sectors saw ~~price increases, such as~~ cooling prices, housing and ~~utilities, which~~ utilities rose to 1.5%, and restaurants and ~~hotels, which~~ hotels climbed to 2.4%. ~~Officials noted~~ Inflation rates for education and healthcare remained stable. Regional data from Tangier showed a more specific monthly decline of 1.1% in July, driven by a 1.9% drop in food prices, including significant decreases in vegetables (-6.5%), fruits (-5.4%), and seafood (-2.1%). In Tangier, non-food products also saw a 0.4% monthly decrease, led by a 1.7% drop in transport costs. Data from the High Commission for Planning indicates that while average prices were lower than the previous year, individual product prices may still vary. Economic observers are monitoring these developments as inflation remains a key indicator for production costs, consumption, investment, and national monetary policy.

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