Inflation Morocco 2019
Average inflation: 0.3%
Current Inflation
Inflation is very low at 0.3%, well below the ECB target.
Peak and Trough
The highest inflation was in December at 1.2%. The lowest inflation was in January at -0.6%.
- Highest month
- December: 1.2%
- Lowest month
- January: -0.6%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 0.9%. The lowest price increase was in Food with an average of -1.2%.
- Highest increase
- Energy: 0.9%
- Lowest increase
- Food: -1.2%
Historical Context
Current inflation is 0.9% lower than the 5-year average of 1.2%. This approaches the lowest level since records began (0.3% in 2019).
- 5-year average
- 1.2%
- 10-year average
- 1.1%
- All-time high (2018)
- 1.8%
- All-time low (2019)
- 0.3%
Trend
Inflation has remained relatively stable. Compared to 2018, the difference is minimal (-1.5 percentage point).
- Change vs. previous year
- -1.5 percentage points
- Largest monthly swing
- January: -2.7 percentage points
ECB Target
Inflation is 1.7% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | -0.6% | -2.7 |
| February | 0.0% | -1.8 |
| March | -0.1% | -2.6 |
| April | 0.2% | -2.5 |
| May | 0.3% | -2.3 |
| June | 0.2% | -2.3 |
| July | 0.3% | -1.8 |
| August | 0.8% | -0.9 |
| September | 0.3% | -0.8 |
| October | 0.7% | -0.4 |
| November | 0.4% | -0.9 |
| December | 1.2% | +1.1 |
| Average | 0.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.