Consumer prices in Morocco decreased 0.3 percent year-on-year in December of 2020, after increasing 0.2 percent in November and marking the first month of deflation since July. Downward pressure came from prices of food & non-alcoholic beverages (-1.7 percent vs -0.1 percent in November); recreation & culture (-0.9 percent, the same pace as in November) and communications (-0.1 percent, the same pace as in November). On a monthly basis, consumer prices were down 0.5 percent, after decreasing 0.7 percent in the previous month. source: Haut Commissariat au Plan
Inflation Rate in Morocco averaged 1.32 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 January of 2021.
Inflation Rate in Morocco is expected to be 0.50 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 1.10 in 12 months time. In the long-term, the Morocco Inflation Rate is projected to trend around 1.40 percent in 2022, according to our econometric models.