Bank of Morocco Projects Inflation Rates for Coming Years
Recent forecasts from the Bank of Morocco indicate that inflation will end 2025 at approximately 1 percent, rising to 1.8 percent in 2026. The core components of inflation are expected to follow a similar trend.
The central bank noted that these projections are surrounded by significant uncertainties. External factors include trade policies and the repercussions of geopolitical conflicts and tensions, while internal factors relate to the availability of agricultural products.
The bank also reported a marked slowdown in inflation over the past few months, with the average rate falling from 2 percent in the first quarter of 2025 to 0.7 percent in April, and further declining to 0.4 percent in May. This decline primarily reflects a decrease in the rate of increase in food prices, particularly for fresh meat.
Inflation, as defined by economists, is the sustained rise in the general price level of goods and services over a specific period, leading to a decrease in the purchasing power of money. In simpler terms, it means that the same amount of money can buy fewer goods and services.
Earlier, the central bank announced that Morocco’s industrial activity experienced stagnant production alongside a rise in sales during February 2025.
