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.