Morocco's annual inflation rate picked up to 1.2 percent in December 2019 from 0.4 percent in the prior month. It was the highest inflation rate since December 2018, mainly due to prices of food & non-alcoholic beverages (0.6 percent vs -0.7 percent in November); transport (1.9 percent vs -0.3 percent) and alcoholic beverages & tobacco (15.1 percent, the same pace as in November. On a monthly basis, consumer prices were flat, after increasing 0.4 percent in the prior month.

Inflation Rate in Morocco averaged 1.38 percent from 2008 until 2019, 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. source: Haut Commissariat au Plan

Inflation Rate in Morocco is expected to be 0.70 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 2020, according to our econometric models.


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Morocco Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.20 0.40 5.20 -1.60 2008 - 2019 percent Monthly
2006=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-22 09:10 AM Sep 0.3% 0.8% 0.6%
2019-11-22 10:00 AM Oct 0.7% 0.3% 0.6%
2019-12-20 09:30 AM Nov 0.4% 0.7% 0.4%
2020-01-22 10:00 AM Dec 1.2% 0.4% 0.3%
2020-02-20 10:00 AM Jan 1.2% -0.2%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-12-20
Morocco Inflation Rate Edges Down to 0.4%
Morocco's annual inflation rate dropped to 0.4 percent in November 2019 from 0.7 percent in the previous month, as prices fell for food & non-alcoholic beverages (-0.7 percent vs 0.6 percent) and transport (-0.3 percent vs -0.2 percent). At the same time, inflation remained steady for alcoholic beverages & tobacco (at 15.1 percent) and housing & utilities (at 0.9 percent). In contrast, cost advanced faster for education (2.7 percent vs 2.3 percent) and restaurants & hotels (1.5 percent vs 1.4 percent). On a monthly basis, consumer prices were up 0.4 percent, after increasing 0.3 percent in the prior month.

2019-11-22
Morocco October Inflation Rate Quickens to 0.7%
Morocco's annual inflation rate rose to 0.7 percent in October 2019 from 0.3 percent in the previous month. Main upward pressure came from prices of alcoholic beverages & tobacco (15.1 percent, the same pace as in September); food & non-alcoholic beverages (0.6 percent vs -1.0 percent); education (2.3 percent vs 2.1 percent); clothing & footwear (1.4 percent vs 1.1 percent); housing & utilities (0.9 percent vs 0.8 percent) and restaurants & hotels (1.4 percent vs 1.1 percent). Meanwhile, cost continued to fall for transport (-0.2 percent vs -0.3 percent). On a monthly basis, consumer prices went up 0.3 percent, after decreasing 0.2 percent in the previous month.

2019-10-22
Morocco September Inflation Rate Slows to 0.3%
Morocco's annual inflation rate eased to 0.3 percent in September 2019 from 0.8 percent in the previous month. Prices slowed mostly for education (2.1 percent vs 3.4 percent in August); restaurants & hotels (1.1 percent vs 1.2 percent) and housing & utilities (0.8 percent vs 0.9 percent). In addition, cost fell for food & non-alcoholic beverages (-1.0 percent vs -0.2 percent) and transport (-0.3 percent vs 0.4 percent). Meanwhile, inflation remained sharp for alcoholic beverages & tobacco (at 15.1 percent) and edged higher for clothing & footwear (1.1 percent vs 1.0 percent). On a monthly basis, consumer prices went down 0.2 percent, after increasing 0.3 percent in the prior month.

2019-09-23
Morocco Inflation Rate at 8-Month High of 0.8%
Morocco's annual inflation rate rose to 0.8 percent in August 2019, its highest level since December, from 0.3 percent in the previous month. Upward pressure came mostly from prices of alcoholic beverages & tobacco (15.1 percent, the same pace as in July); clothing & footwear (1.0 percent vs 0.9 percent); restaurants & hotels (1.2 percent vs 0.7 percent); housing & utilities (0.9 percent, the same as in July) and transport (0.4 percent, after being flat in the prior month). Meantime, prices of food & non-alcoholic beverages decreased less (-0.2 percent vs -1.2 percent). On a monthly basis, consumer prices went up 0.3 percent, after decreasing 0.8 percent in the preceding month.

2019-08-22
Morocco Inflation Rate Ticks Up to 0.3% in July
Morocco's annual inflation rate rose marginally to 0.3 percent in July 2019 from 0.2 percent in the prior month. Prices increased faster for clothing & footwear (0.9 percent vs 0.7 percent in June); communications (0.8 percent vs 0.3 percent) and recreation & culture (1.8 percent vs 1.7 percent). Meantime, inflation remained steady for alcoholic beverages & tobacco (at 15.1 percent); housing & utilities (at 0.9 percent) and education (at 3.4 percent). On the other hand, cost was flat for transport (vs 0.2 percent) and decreased for food & non-alcoholic beverages (-1.2 percent vs -1.4 percent). On a monthly basis, consumer prices went down 0.8 percent, after increasing 0.2 percent in the preceding month.

2019-07-22
Morocco Inflation Rate Slows to 0.2% in June
Morocco’s consumer price inflation rate eased to 0.2 percent year-on-year in June 2019 from 0.3 percent in the previous month, while the annual core inflation was unchanged at 1.3 percent. On a monthly basis, consumer prices rose 0.2 percent and the core index edged up 0.1 percent.


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.

Morocco Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 0.40 5.20 -1.60 percent [+]
Consumer Price Index CPI 121.20 121.20 121.20 101.20 points [+]
Producer Prices 109.00 108.90 117.40 84.60 points [+]
Food Inflation 0.60 -0.70 5.40 -3.10 percent [+]
Inflation Rate Mom 0.00 0.40 2.23 -1.56 percent [+]
Cpi Housing Utilities 117.60 117.70 117.70 103.30 points [+]
CPI Transportation 112.60 112.80 114.00 102.70 points [+]
Core Inflation Rate 0.10 0.60 2.50 0.00 percent [+]