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.