Moroccan inflation accelerates to 1.7 percent in April
Morocco's annual inflation rate rose to 1.7% in April from 0.9% in March, driven largely by an 8.4% surge in transport costs. The government plans to add 20 billion dirhams to the 2026 budget to subsidize public transport and energy prices amid regional geopolitical tensions.
Morocco saw annual inflation rise to 1.7% in April, up from 0.9% the previous month. The national statistics agency reported the data on Friday. For investors, the acceleration signals domestic pressure despite government efforts to stabilize essential costs.
### Fuel Costs Drive Non-Food Price Surge Transport prices rose 8.4% following a surge in fuel prices linked to Middle East instability. This spike pushed non-food prices up 2.5% year-on-year, while food prices grew 0.6% over the same period. Core inflation, which strips out volatile goods and regulated prices, fell 0.3% year-on-year but edged up 0.1% from March.
