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.

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Morocco Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 0.20 5.20 -1.60 2008 - 2020 percent Monthly
2017=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-22 10:30 AM Sep 1.4% 0.9% 1.2%
2020-11-20 01:00 PM Oct 1.3% 1.4% 1.2%
2020-12-22 01:30 PM Nov 0.2% 1.3% 1%
2021-01-22 10:00 AM Dec -0.3% 0.2% 0.8%
2021-02-22 10:00 AM Jan -0.3%
2021-03-19 11:00 AM Feb
2021-04-22 03:00 PM Mar
2021-05-20 02:30 PM Apr


News Stream
Morocco CPI Falls 0.3% YoY in December
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.
2021-01-22
Morocco Inflation Rate Slows Sharply
Morocco inflation rate slowed sharply to 0.2 percent in November of 2020 from 1.3 percent in October, the lowest level in four months. Declines were seen in cost of food and non-alcoholic beverages (-0.1 percent), communication (-0.1 percent), clothing and footwear(-0.3 percent), transport (-0.7 percent) and recreation and culture (-0.9 percent). In contrast, main increases were seen for education (1.8 percent), restaurants and hotels (0.8 percent) and health (0.6 percent). On a monthly basis, consumer prices fell 0.7 percent.
2020-12-22
Morocco Inflation Rate Edges Down to 1.3% in October
Morocco's annual inflation eased to 1.3 percent in October of 2020 from 1.4 percent in the previous month, amid a slight slowdown in prices of food & non-alcoholic beverages (2.7 percent vs 2.9 percent). Meantime, inflation remained steady for alcoholic beverages & tobacco (at 2 percent) while costs fell mostly for transport (-1.1 percent vs -0.2 percent); clothing & footwear (-0.6 percent vs -0.3 percent) and recreation & culture (-1.2 percent vs -1.1 percent). On a monthly basis, consumer prices were up 0.1 percent, following a 0.3 percent increase in the prior month.
2020-11-20
Morocco September Inflation Rate at 6-Month High
Morocco's annual inflation rose to 1.4 percent in September of 2020 from 0.9 percent in the prior month, reaching its highest level since March. Main upward pressure came from prices of food & non-alcoholic beverages (2.9 percent vs 1.4 percent in August) and alcoholic beverages & tobacco (2 percent, the same pace as in August). In addition, costs fell less for transport (-0.2 percent vs -1.3 percent) and communication (-0.2 percent vs -0.3 percent). On a monthly basis, consumer prices went up 0.3 percent, following a 1.4 percent rise in the preceding month.
2020-10-22

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.