Inflation to Average to 0.7% in 2020, Rise to 1.2% in 2021 (Central Bank)

Rabat – Inflation in Morocco is expected to average 0.7% in 2020 and accelerate to 1.2% in 2021, Morocco’s central bank (Bank Al-Maghrib) said Tuesday.

Inflation “is expected to average 0.7% over the year as a whole and to accelerate to 1.2% in 2021, with a gradual increase of its underlying component from 0.6% in 2019 to 1% then to 1.3% in 2021,” the bank pointed out in a release following the first quarterly meeting of the year held by its board.

Source: Agency Morocaine De Presse