Inflation in Morocco
Inflation decelerated to 8.2% in March from February’s series high of 10.1%. Inflation should continue to decline on average this year as rate hikes kick in and the base effect toughens. If the Russia-Ukraine grain deal expires on 18 May, as planned, inflation should be driven further up. Key risks include the weather and energy prices.
Morocco Inflation Chart
Morocco Inflation Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, eop) | 1.6 | 0.2 | 1.1 | -0.3 | 3.2 |