Inflation rates by country and year

-1%3.6%8.3%12.9%17.6%
-1%3.6%8.3%12.9%17.6%
19603.4%
19925.7%
20250.7%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate0.7%

Behind the curve

Turning points in Morocco

  1. 1973↑ Upward pressure

    The first oil shock — Wikipedia (opens in a new tab)

    Morocco's reliance on imported oil and food made it vulnerable to the 1973 shock, which raised costs and inflation through the mid-1970s.

    Bank Al-Maghrib
  2. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    A poor harvest and the global food-price surge drove Moroccan food inflation up sharply in 2008.

    Bank Al-Maghrib
  3. 2020↓ Downward pressure

    The pandemic recession — Wikipedia (opens in a new tab)

    The pandemic cut demand and tourism, easing inflation in 2020.

    Bank Al-Maghrib
  4. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Drought and higher global food and energy prices pushed Moroccan inflation up through 2022.

    Bank Al-Maghrib

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Morocco?

The annual inflation rate in Morocco was 0.7% in 2025, the most recent year in the World Bank dataset. That means prices rose 0.7% on average compared with the year before. Use the chart above to explore Morocco's full inflation history from 1960 to 2025, and to compare it with any other country.

How inflation in Morocco has changed

Inflation in Morocco peaked at 17.6% in 1974 and reached its lowest point at -1.0% in 1966. Averaged across the 66 years of available data (1960–2025), the rate has been 4.1% per year.

Frequently asked questions about inflation in Morocco

What is the current inflation rate in Morocco?

The latest available annual figure is 0.7% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Morocco's statistical office.

What was the highest inflation rate in Morocco?

The highest annual inflation rate on record is 17.6%, reached in 1974.

What was the lowest inflation rate in Morocco?

The lowest annual inflation rate on record is -1.0%, recorded in 1966.

Where does the inflation data for Morocco come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.