Average inflation in Morocco

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 1.3% 2027: 1.6% 2028: 2.0% 2029: 2.0% 2030: 2.0% 2031: 2.0%

0.8% (1999) ANUAL · % · Annual · CSV

Period	%
Jan 1999	0.8%
Jan 1998	2.7%
Jan 1997	1.1%
Jan 1996	2.8%
Jan 1995	6.3%
Jan 1994	5.0%
Jan 1993	5.3%
Jan 1992	5.8%
Jan 1991	7.9%
Jan 1990	6.0%

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually, covering the full year and subject to revision.

What it is

Measures the change in prices of a representative basket of goods and services bought by Moroccan households. Published by the High Commission for Planning (HCP), it is Morocco's main gauge of inflation.

How it's calculated

Based on a monthly price survey across Morocco's main cities. Items are weighted by their share of household spending and aggregated into an index with a base year (index 100). Average annual inflation averages the year's year-on-year rates.

Market implications

It is the central reference for Bank Al-Maghrib's monetary policy when setting interest rates. High inflation pushes rates higher and weighs on households' purchasing power and the cost of living.

Limitations

It only measures the selected basket, not the whole economy. Food prices carry a heavy weight in Morocco and are highly sensitive to harvests and drought; the underlying trend is tracked via core inflation, which excludes energy and fresh food.