In 2024, inflation in Morocco slowed to 0.9%, with expectations of moderate rates around 2% in the following years. Core inflation was reported at 2.2%, and financial experts predict it will stabilize. Geopolitical tensions and agricultural supply concerns introduce uncertainties in forecasts.
Bank Al-Maghrib (BAM) reported a significant slowdown in inflation in Morocco for 2024, with the average rate falling to 0.9%. This decline follows two years of elevated inflation levels. Looking ahead, inflation is expected to rise moderately over the next two years, stabilizing at around 2%.
Core inflation reached 2.2% in 2024 and is projected to maintain a medium-term average of approximately 2%. However, BAM cautioned that these inflation forecasts are influenced by considerable uncertainties, particularly related to ongoing geopolitical tensions and their potential impact on global inflation as well as domestic agricultural supply.
The Bank Al-Maghrib Council emphasized that inflation expectations remain stable, with financial sector experts projecting an average inflation rate of 2.2% over the next eight quarters and 2.4% over the next twelve quarters, according to assessments made during the first quarter of 2025.
In conclusion, Morocco’s inflation rate declined significantly to 0.9% in 2024 following a period of high inflation. Although inflation is expected to rise slightly in the coming years, it is projected to stabilize around 2%. Factors such as geopolitical tensions and agricultural supply will continue to play a crucial role in determining future inflation trends in the country.
Original Source: fesnews.media
