In 2024, Morocco’s inflation slowed significantly to an average of 0.9%. It is projected to rise to moderate levels of around 2% over the next two years. Core inflation was reported at 2.2% and is expected to stabilize at 2%. Despite uncertainties from geopolitical tensions and agricultural supply, inflation expectations remain stable.
Bank Al-Maghrib (BAM) reported a substantial decrease in inflation in Morocco for the year 2024, with an average rate of 0.9%. Following two years of elevated inflationary pressures, this decline is noteworthy. The bank forecasts a rise in inflation over the subsequent two years, although it is anticipated to remain moderate, averaging around 2%.
In its report, BAM noted that core inflation was recorded at 2.2% in 2024, with expectations for it to stabilize around 2% in the medium term. The council emphasized that these predictions are influenced by several uncertainties, particularly persistent geopolitical tensions affecting global inflation and local agricultural product supply developments.
Amid these challenges, the Bank Al-Maghrib Council stated that inflation expectations are stable. Experts in the financial sector predict an average inflation rate of 2.2% over the next eight quarters and 2.4% over the next twelve quarters, as observed during the first quarter of 2025.
In conclusion, the Bank Al-Maghrib’s report highlights a significant reduction in inflation rates in Morocco for 2024, with an average of 0.9%. Anticipations suggest a moderate rise in inflation over the next two years, while core inflation is expected to stabilize around 2%. However, uncertainties such as geopolitical tensions and agricultural supply issues may impact these forecasts. Overall, inflation expectations among financial experts remain anchored in the near term.
Original Source: fesnews.media
