Inflation in Morocco

Morocco Inflation (eop) | Economic News & Forecasts

Morocco - Inflation (end of period)

GDP growth eased in annual terms in Q3, largely due to a base effect and increased Covid-19 cases leading to tougher restrictions in August, although underlying momentum was still robust. Looking at subsectors, private consumption, gross investment and government consumption growth slowed, while export growth was solid. Turning to Q4, the economy seems to be operating at two speeds. On one hand, the external sector is likely being impacted by the economic slowdown in Europe—amid a fresh Covid-19 wave and ongoing supply disruptions—as well as the government’s recent decision to ban flights from several European countries. On the other hand, a high vaccination rate, looser domestic restrictions and lower Covid-19 cases at home should be boosting private consumption. In politics, parliament recently approved the government’s 2022 budget, which signals a still-supportive fiscal stance.

Morocco - Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)0.6  1.8  1.9  0.1  1.2  

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Morocco Inflation (eop) Chart

Morocco Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Higher Planning Commission of Morocco.

Morocco Facts

Value Change Date
Bond Yield3.020.0 %Dec 31
Exchange Rate9.56-0.29 %Dec 31

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