Inflation Morocco 2022
Average inflation: 6.6%
Current Inflation
Inflation is very high at 6.6%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 8.3%. The lowest inflation was in January at 3.1%.
- Highest month
- September: 8.3%
- Lowest month
- January: 3.1%
- Difference
- 5.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 11.2%. The lowest price increase was in Energy with an average of 1.1%.
- Highest increase
- Food: 11.2%
- Lowest increase
- Energy: 1.1%
Historical Context
Current inflation is 4.4% higher than the 5-year average of 2.2%. This approaches the highest level since records began (6.6% in 2022).
- 5-year average
- 2.2%
- 10-year average
- 1.7%
- All-time high (2022)
- 6.6%
- All-time low (2019)
- 0.3%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +5.2 percentage point.
- Change vs. previous year
- +5.2 percentage points
- Largest monthly swing
- August: +7.2 percentage points
ECB Target
Inflation is 4.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 3.1% | +3.1 |
| February | 3.6% | +3.3 |
| March | 5.3% | +5.2 |
| April | 5.9% | +4.5 |
| May | 5.9% | +4.0 |
| June | 7.2% | +5.7 |
| July | 7.7% | +5.5 |
| August | 8.0% | +7.2 |
| September | 8.3% | +7.1 |
| October | 8.1% | +6.4 |
| November | 8.3% | +5.7 |
| December | 8.3% | +5.1 |
| Average | 6.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.