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Could Morocco’s fuel-driven inflation spike derail central bank stability?

Marrakech biggest market in Morocco. Photo by CALIN STAN @ Unsplash
Marrakech biggest market in Morocco. Photo by CALIN STAN @ Unsplash

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • Fuel prices drive Morocco’s highest inflation since February 2025
  • Core inflation remains weak despite transport and energy pressures

 

RABAT, MOROCCO – Morocco’s inflation accelerated in April as surging fuel costs pushed transport and non-food prices higher, exposing the kingdom’s vulnerability to global energy shocks despite easing food prices and subdued underlying inflation pressures.

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