# Morocco Inflation Rate (CPI)

Morocco Inflation Rate (CPI) was up 0.5% year on year in September 2026, compared with −0.3% in August 2026.
The level stood at 120.8 (index 2017=100).
Among the 80 economies Makrognosis covers on this measure, it is the 3rd lowest.
Over the past available history it has ranged from −0.8% (Jan 2026) to 10.1% (Feb 2023), averaging 2.1%.

- Source agency: High Commission for Planning (HCP), Morocco
- Makrognosis code: `MA.CPI.M.NSA`
- Frequency: monthly
- Units: index 2017=100
- Coverage: 2017-01-01 to 2026-09-01 (117 observations)
- Page: https://makrognosis.robomacro.com/data/morocco/inflation-rate-cpi

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| September 2026 | 120.8 | 0.5 |
| August 2026 | 119.6 | −0.3 |
| July 2026 | 118.7 | −0.6 |
| June 2026 | 119.9 | 0.3 |
| May 2026 | 120.4 | 1.2 |
| April 2026 | 121.5 | 1.7 |
| March 2026 | 121.0 | 0.9 |
| February 2026 | 119.6 | −0.6 |
| January 2026 | 119.0 | −0.8 |
| December 2025 | 118.7 | −0.3 |
| November 2025 | 118.8 | −0.3 |
| October 2025 | 119.5 | 0.08 |
| September 2025 | 120.2 | 0.4 |
| August 2025 | 120.0 | 0.3 |
| July 2025 | 119.4 | 0.5 |
| June 2025 | 119.5 | 0.4 |
| May 2025 | 119.0 | 0.4 |
| April 2025 | 119.5 | 0.7 |
| March 2025 | 119.9 | 1.6 |
| February 2025 | 120.3 | 2.6 |
| January 2025 | 119.9 | 2.0 |
| December 2024 | 119.0 | 0.7 |
| November 2024 | 119.2 | 0.8 |
| October 2024 | 119.4 | 0.7 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/MA.CPI.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/MA.CPI.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```