Inflation Morocco 2024
Average inflation: 1.0%
Current Inflation
Inflation is low at 1.0%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 2.3%. The lowest inflation was in April at 0.2%.
- Highest month
- January: 2.3%
- Lowest month
- April: 0.2%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 2.6%. The lowest price increase was in Food with an average of 0.7%.
- Highest increase
- Energy: 2.6%
- Lowest increase
- Food: 0.7%
Historical Context
Current inflation is 2.2% lower than the 5-year average of 3.2%.
- 5-year average
- 3.2%
- 10-year average
- 2.2%
- All-time high (2022)
- 6.6%
- All-time low (2019)
- 0.3%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +5.1 percentage point.
- Change vs. previous year
- -5.1 percentage points
- Largest monthly swing
- February: -9.8 percentage points
ECB Target
Inflation is 1.0% 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 €101.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 2.3% | -6.6 |
| February | 0.3% | -9.8 |
| March | 0.9% | -7.3 |
| April | 0.2% | -7.6 |
| May | 0.4% | -6.7 |
| June | 1.8% | -3.7 |
| July | 1.3% | -3.6 |
| August | 1.7% | -3.3 |
| September | 0.8% | -4.1 |
| October | 0.7% | -3.6 |
| November | 0.8% | -2.8 |
| December | 0.7% | -2.7 |
| Average | 1.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.