The annual inflation rate in Morocco eased to 0.8 percent in August of 2021 after hitting an over three-year high of 2.2 percent in the previous month. It was the lowest inflation rate since March, mainly due to a decrease in food prices (-1.1 percent vs 2.7 percent in July). At the same time, costs slowed for alcoholic beverages & tobacco (2.4 percent vs 4.4 percent) and miscellaneous goods & services (2.6 percent vs 2.8 percent). Conversely, inflation continued to accelerate for transport (6.1 percent vs 5.2 percent). On a monthly basis, consumer prices were flat, following a 0.4 percent uptick in the previous month. source: Haut Commissariat au Plan
Inflation Rate in Morocco averaged 1.30 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 October of 2021.
Inflation Rate in Morocco is expected to be 1.30 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 1.40 percent in 2022 and 1.30 percent in 2023, according to our econometric models.