The annual inflation rate in Morocco accelerated to a new record high of 8.9% in January 2023, up from 8.3% in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (17.4% vs 15.5% in December) and transportation (9.6% vs 11.5%), which motivated recent protests against the government. Regarding food prices, Moroccan authorities have been inspecting markets to make sure supply and prices are appropriate while taking measures to curb exports of main vegetables ahead of Ramadan. Other noticeable price increases were seen for furnishing & household equipment (6.2% vs 6.3%); alcoholic beverages & tobacco (5.4% vs 3.4%); clothing & footwear (5.1%, the same as in December) and restaurants & hotels (5% vs 5.1%). On a monthly basis, consumer prices inched up by 0.5% in January, after increasing by 0.1% in the prior month. source: Haut Commissariat au Plan

Inflation Rate in Morocco averaged 1.72 percent from 2008 until 2023, reaching an all time high of 8.90 percent in January of 2023 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 March of 2023.

Inflation Rate in Morocco is expected to be 8.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Morocco Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-20 09:15 AM Dec 8.3% 8.3% 8.5%
2023-02-22 09:30 AM Jan 8.9% 8.3% 8.2%
2023-03-21 10:00 AM Feb 8.9% 9.2%


Related Last Previous Unit Reference
Inflation Rate 8.90 8.30 percent Jan 2023
Consumer Price Index CPI 114.90 114.30 points Jan 2023
Producer Prices 117.20 118.20 points Dec 2022
Food Inflation 17.40 15.50 percent Jan 2023
Inflation Rate MoM 0.50 0.10 percent Jan 2023
CPI Transportation 120.50 122.10 points Jan 2023
CPI Housing Utilities 104.20 104.20 points Jan 2023
Core Inflation Rate 8.20 5.80 percent Jan 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
8.90 8.30 8.90 -1.60 2008 - 2023 percent Monthly
2017=100

News Stream
Morocco Inflation Rate Quickens to New Peak of 8.9%
The annual inflation rate in Morocco accelerated to a new record high of 8.9% in January 2023, up from 8.3% in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (17.4% vs 15.5% in December) and transportation (9.6% vs 11.5%), which motivated recent protests against the government. Regarding food prices, Moroccan authorities have been inspecting markets to make sure supply and prices are appropriate while taking measures to curb exports of main vegetables ahead of Ramadan. Other noticeable price increases were seen for furnishing & household equipment (6.2% vs 6.3%); alcoholic beverages & tobacco (5.4% vs 3.4%); clothing & footwear (5.1%, the same as in December) and restaurants & hotels (5% vs 5.1%). On a monthly basis, consumer prices inched up by 0.5% in January, after increasing by 0.1% in the prior month.
2023-02-22
Morocco Inflation Rate Holds at Record High of 8.3%
The annual inflation rate in Morocco stood at 8.3% in December of 2022, the highest on record, unchanged from the previous month. Main upward pressure continued to come from prices of food & non-alcoholic beverages (15.5% vs 14.9% in November) and transportation (11.5% vs 14.2%). Other CPI categories including furnishings & household equipment (6.3% vs 6.4%); restaurants & hotels (5.1% vs 4.6%); clothing & footwear (5.1%, the same pace as in November), education (4.5%, the same pace as in November) and recreation & culture (4.4% vs 5.2%) also contributed to the overall inflation. On a monthly basis, consumer prices edged up by 0.1%, after increasing by 0.4% in the previous month.
2023-01-20
Morocco Inflation Rate Ticks Up to Record High
The annual inflation rate in Morocco edged up to 8.3% in November of 2022, the highest on record, from 8.1% in the prior month. Prices accelerated mainly for food & non-alcoholic beverages (14.9% vs 14.3% in October) and transport (14.2 vs 12.6%). On a monthly basis, consumer prices increased by 0.4%, the same pace as in the previous month.
2022-12-22