Inflation Morocco 2021
Average inflation: 1.4%
Current Inflation
Inflation is low at 1.4%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 3.2%. The lowest inflation was in January at 0.0%.
- Highest month
- December: 3.2%
- Lowest month
- January: 0.0%
- Difference
- 3.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 0.8%. The lowest price increase was in Food with an average of 0.6%.
- Highest increase
- Energy: 0.8%
- Lowest increase
- Food: 0.6%
Historical Context
Current inflation is around the 5-year average of 1.0%.
- 5-year average
- 1%
- 10-year average
- 1.2%
- All-time high (2008)
- 3.7%
- All-time low (2019)
- 0.3%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +0.7 percentage point.
- Change vs. previous year
- +0.7 percentage points
- Largest monthly swing
- December: +3.4 percentage points
ECB Target
Inflation is 0.6% 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 €101.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 0.0% | -1.3 |
| February | 0.3% | -0.8 |
| March | 0.1% | -1.4 |
| April | 1.4% | +0.6 |
| May | 1.9% | +1.9 |
| June | 1.5% | +2.0 |
| July | 2.2% | +2.2 |
| August | 0.8% | -0.3 |
| September | 1.2% | -0.4 |
| October | 1.7% | +0.3 |
| November | 2.6% | +2.3 |
| December | 3.2% | +3.4 |
| Average | 1.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.