Current inflation المغرب 0.7%
December 2024
Current Inflation
Inflation is low at 1.0%, below the ECB target of 2%.
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.
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 1.0%
- Last year
- 6.1%
- 5-year average
- 1.0%
- All-time high (2022)
- 6.6%