Inflation in Morocco
Morocco - InflationAfter rapid growth in Q2, which was partly driven by a base effect, momentum should have eased in Q3. Rising Covid-19 cases forced tighter restrictions in August, likely dampening private consumption. Moreover, export growth in July–August was lower than in Q2, amid fresh Covid-19 outbreaks abroad. That said, prospects appeared rosier later in the quarter and heading into Q4, as an accelerating vaccination campaign saw cases plummet from September. In politics, in October a new cabinet was formed and promptly presented its 2022 budget. The text signals a supportive fiscal stance, with a focus on expanding the social safety net. In the same month, Algeria confirmed its decision to close the Maghreb gas pipeline—which supplies gas to Morocco—from November. This has the potential to raise energy prices and thus weaken consumer purchasing power in Q4 and into 2022.
Morocco - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.6||1.6||0.8||2.0||0.2|
5 years of economic forecasts for more than 30 economic indicators.
Morocco Inflation Chart
Source: Higher Planning Commission of Morocco.
|Bond Yield||3.02||0.0 %||Dec 31|
|Exchange Rate||9.56||-0.29 %||Dec 31|
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