The annual inflation in Morocco quickened for the fourth straight month to 3.2% in December of 2021, up from 2.6% in the previous month. That was the highest rate since February of 2009, mainly driven by prices of transport (6.2% vs 7.1% in November) and food & non-alcoholic beverages (4.5% vs 2.9%). On a monthly basis, consumer prices were up 0.1%, following a 0.2% increase in the previous month. source: Haut Commissariat au Plan

Inflation Rate in Morocco averaged 1.33 percent from 2008 until 2021, 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 January of 2022.

Inflation Rate in Morocco is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Morocco Inflation Rate is projected to trend around 3.00 percent in 2023 and 2.40 percent in 2024, according to our econometric models.

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Morocco Inflation Rate


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.
Actual Previous Highest Lowest Dates Unit Frequency
3.20 2.60 5.20 -1.60 2008 - 2021 percent Monthly
2017=100

Calendar GMT Actual Previous Consensus TEForecast
2021-12-20 03:00 PM Nov 2.6% 1.7% 0.7%
2022-01-21 09:15 AM Dec 3.2% 2.6% 3%
2022-02-22 09:00 AM Jan 3.2% 3%


Related Last Previous Unit Reference
Inflation Rate 3.20 2.60 percent Dec/21
Consumer Price Index CPI 105.50 105.40 points Dec/21
Producer Prices 107.20 106.70 points Nov/21
Food Inflation 4.50 2.90 percent Dec/21
Inflation Rate Mom 0.10 0.20 percent Dec/21
CPI Transportation 109.50 109.60 points Dec/21
CPI Housing Utilities 103.00 102.90 points Dec/21
Core Inflation Rate 1.70 2.90 percent Dec/21


News Stream
Morocco December Inflation Rate Highest since 2009
The annual inflation in Morocco quickened for the fourth straight month to 3.2% in December of 2021, up from 2.6% in the previous month. That was the highest rate since February of 2009, mainly driven by prices of transport (6.2% vs 7.1% in November); food & non-alcoholic beverages (4.5% vs 2.9%); miscellaneous goods & services (4.3% vs 4.2%) and clothing & footwear (3% vs 3.1%). On a monthly basis, consumer prices were up 0.1%, following a 0.2% increase in the previous month.
2022-01-21
Morocco November Inflation Rate Highest since 2018
The annual inflation in Morocco rose to 2.6 percent in November of 2021, from 1.7 percent in the previous month, reaching the highest point since May of 2018. Upward pressure came from both food (2.8 percent vs 1.1 percent in October), namely food & non-alcoholic beverages (2.9 percent vs 1 percent) and alcoholic beverages & tobacco (2.4 percent, the same pace as in October); and non-food products (2.4 percent vs 2.2 percent), primarily transport (7.1 percent vs 6.2 percent), clothing & footwear (3.1 percent vs 3 percent) and miscellaneous goods & services (4.2 percent, the same pace as in October). On a monthly basis, consumer prices edged up 0.2 percent, following a 0.7 percent rise in the previous month.
2021-12-20
Morocco Inflation Rate Speeds Up to 1.7% in October
The annual inflation in Morocco rose to 1.7 percent in October of 2021, from 1.2 percent in the previous month, the highest rate since July. Upward pressure came from prices of both food products (1.1 percent vs -0.3 percent in September), namely food & non-alcoholic beverages (1 percent vs -0.3 percent) and alcoholic beverages & tobacco (2.4 percent, the same pace as in September); and non-food products (2.2 percent vs 1.9 percent), primarily transport (6.2 percent vs 5.8 percent) and miscellaneous goods & services (4.2 percent vs 2.9 percent). On a monthly basis, consumer prices went up 0.7 percent, the same pace as in September.
2021-11-22