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Keywords: Inflation


Bank Al-Maghrib Lowers Interest Rates to 2.75% Amid Inflation Decline

In a significant monetary policy shift, Morocco’s central bank, Bank Al-Maghrib, has announced a 25 basis point reduction in its benchmark interest rate, bringing it down to 2.75%. This move, marking the first rate change in over a year, comes on the heels of a notable decline in inflation pressures......

Morocco’s Core Inflation Sees 2.2% Year-Over-Year Spike in May

Core inflation in Morocco experienced a notable rise of 2.2% in May 2024 compared to the same month last year, as reported by the High Commission for Planning (HCP). This increase underscores persistent inflationary pressures within the Moroccan economy, even as the broader Consumer Price Index (CPI)......

COVID-19 and Inflation Compound Morocco’s Economic Inequalities, HCP Report Reveals

Disparities Deepen as Morocco’s Poor Bear the Brunt of Economic Crises Morocco’s recent economic challenges have disproportionately affected its least affluent citizens, according to a comprehensive report by the High Commission for Planning (HCP). The report highlights how the COVID-19......

Moroccan Government Unveils Strategy to Streamline Agricultural Supply Chain

In a bold move to rein in the soaring prices of agricultural products and protect the purchasing power of Moroccan citizens, the government has unveiled a series of targeted measures aimed at revamping the marketing and distribution of fruits and vegetables. This strategic initiative comes in response......

Economic Outlook in Morocco: A Nation Grapples with Financial Pressure

Survey Attributes Lingering Financial Strain to Post-Pandemic Challenges In a recent survey conducted by the Arab Barometer, only one-third of Moroccans expressed optimism about their country's economic situation. The survey, which took place from December 2023 to January 2024, highlights the enduring......

Real Estate Sector Grapples with Multifaceted Challenges in Recovery Phase

In the intricate landscape of the real estate sector, a modest 0.6% increase in prices since the beginning of the year marks a positive trajectory. Yet, the industry continues to grapple with multifaceted challenges. Eroding purchasing power, escalating construction material costs, and rising interest......

Alleviating Inflation's Strain: Wage Increases Offer Partial Respite

As the Kingdom contends with inflation spurred by an energy crisis compounded by the Russia-Ukraine conflict, which has markedly affected raw material prices in Morocco, the steady uptick in prices has not been met with a corresponding uptrend in wages, leading to a decline in household purchasing power.......

Morocco's Inflation Reaches Stable Grounds; Core Prices Rise Modestly

A recent briefing from the High Commission of Planning (HCP) reveals that Morocco's core inflation, an index that excludes products with volatile prices and public tariffs, experienced a modest 0.2% month-on-month (MoM) increase in April. This mild uptick in core prices indicates a stabilizing trend......

Core Inflation in Morocco Dips Below 2%, Signaling Economic Stabilization

Morocco's core inflation rate, a critical economic measure that excludes volatile components like energy prices, fell below 2% in March 2024, according to a recent report from the High Commission for Planning (HCP). This decline marks a welcome shift from the high inflation that had gripped the nation......