Morocco's consumer prices rose 0.9 percent year-on-year in August of 2020, after decreasing 0.1 percent in the previous month. It was the first increase in consumer prices since April, amid the coronavirus pandemic. Prices rebounded for food & non-alcoholic beverages & tobacco (1.4 percent vs -1.1 percent) and went up for alcoholic beverages & tobacco (2 percent, after being flat in July). In addition, costs fell softer for transport (-1.3 percent vs -1.6 percent) and communication (-0.3 percent vs -0.4 percent). On a monthly basis, consumer prices inched up 1.4 percent, after decreasing 0.3 percent in the prior month.

Inflation Rate in Morocco averaged 1.34 percent from 2008 until 2020, reaching an all time high of 5.20 percent in May of 2008 and a record low of -1.60 percent in December of 2009. This page provides - Morocco Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Morocco Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Haut Commissariat au Plan

Inflation Rate in Morocco is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Morocco to stand at 1.00 in 12 months time. In the long-term, the Morocco Inflation Rate is projected to trend around 1.00 percent in 2021 and 1.30 percent in 2022, according to our econometric models.

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Morocco Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.90 -0.10 5.20 -1.60 2008 - 2020 percent Monthly
2017=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-22 11:00 AM May -0.2% 0.9% 0.4%
2020-07-22 09:00 AM Jun -0.7% -0.2% -0.6%
2020-08-19 10:30 AM Jul -0.1% -0.7% -0.4%
2020-09-22 09:20 AM Aug 0.9% -0.1% 0.3%
2020-10-22 09:10 AM Sep 0.9% 1.2%
2020-11-23 10:00 AM Oct
2020-12-21 09:30 AM Nov


News Stream
Morocco Consumer Prices Rebound in August
Morocco's consumer prices rose 0.9 percent year-on-year in August of 2020, after decreasing 0.1 percent in the previous month. It was the first increase in consumer prices since April, amid the coronavirus pandemic. Prices rebounded for food & non-alcoholic beverages & tobacco (1.4 percent vs -1.1 percent) and went up for alcoholic beverages & tobacco (2 percent, after being flat in July). In addition, costs fell softer for transport (-1.3 percent vs -1.6 percent) and communication (-0.3 percent vs -0.4 percent). On a monthly basis, consumer prices inched up 1.4 percent, after decreasing 0.3 percent in the prior month.
2020-09-22
Morocco Consumer Prices Drop for 3rd Month
Morocco's consumer prices edged down 0.1 percent from a year earlier in July of 2020, following a 0.7 percent decrease in the previous month. This marked the third straight month of deflation but much softer, as prices continued to fall for food & non-alcoholic beverages (-1.1 percent vs -1.6 percent in June); transport (-1.6 percent vs -4.7 percent) and recreation & culture (-1.1 percent vs -1 percent). On the other hand, inflation edged higher for health (0.9 percent vs 0.7 percent) while it remained steady for education (at 3.1 percent). On a monthly basis, consumer prices went down 0.3 percent, the same pace as in the preceding month.
2020-08-19
Morocco Consumer Prices Fall the Most in Over 10 Years
Morocco's consumer prices dropped 0.7 percent year-on-year in June 2020, following a 0.2 percent fall in the previous month. It was the sharpest decline in consumer prices since January 2010, as cost of food & non-alcoholic beverages decreased (-1.6 percent vs 0.1 percent in May). Also, prices slowed for restaurants & hotels (1 percent vs 1.2 percent); furnishings & household equipment (0.1 percent vs 0.2 percent); clothing & footwear (0.4 percent vs 0.5 percent); health (0.7 percent vs 1.2 percent); and education (3.1 percent vs 3.2 percent). On the other hand, cost of housing & utilities rose further (0.8 percent vs 0.7 percent), while prices fell less for transport (-4.7 percent vs -7.3 percent) and recreation & culture (-1 percent vs -1.1 percent). On a monthly basis, consumer prices went down 0.3 percent, after declining 0.2 percent in the prior month.
2020-07-22
Morocco Consumer Prices Drop 0.2% YoY in May
Morocco's consumer prices went down 0.2 percent in May of 2020, after increasing 0.9 percent in the previous month. It was the first drop in consumer prices since March of 2019. Main downward pressure stemmed from prices of transport (-7.3 percent vs -6.3 percent in April) and recreation & culture (-1.1 percent vs -0.9 percent). In addition, inflation slowed mostly for food & non-alcoholic beverages (0.1 percent vs 2.9 percent) and restaurants & hotels (1.2 percent vs 1.3 percent). Conversely, prices advanced faster for housing & utilities (0.7 percent vs 0.5 percent). On a monthly basis, consumer prices decreased 0.2 percent, after edging down 0.1 percent in the prior month.
2020-06-22

Morocco Inflation Rate
In Morocco, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.