Morocco’s Inflation Forecast at 1.2% in 2021, 1.6% in 2022 – Central Bank

“After a relative acceleration to an average of 1.6 percent in the second quarter of 2021 and to 2.2 percent in July, inflation fell to 0.8 percent in August as a result of a decline in volatile food prices. Against the background of the substantial rise in energy products prices, the recovery of domestic demand and the increase of imported inflation, it should come out at 1.2 percent in 2021 and stand at 1.6 percent in 2022, after 0.7 percent in 2020,” the Central Bank points out in a release published following the third quarterly meeting of the year 2021 of the Bank’s Board.

“Its core component is expected to rise from an average of 0.5 percent in 2020 to 1.4 percent in 2021 and 2.1 percent in 2022,” the Bank added.

 

Source: Agency Morocaine De Presse