Inflation would pursue its acceleration yet remains at moderate levels, standing at 1 percent in 2021 and 1.2 percent in 2022, according to Morocco’s Central Bank projections.
“After recording 0.7 percent in 2020 and 0.1 percent in the first quarter of 2021, inflation averaged 1.7 percent during April and May.
As a result of the expected rise of oil and some food international prices, as well as the revival of domestic demand, inflation would pursue its acceleration yet remaining at moderate levels, standing at 1 percent in 2021 and 1.2 percent in 2022,” the BAM explained in a statement following its Board’s second quarterly meeting of the year.
Its core component would increase from 0.5 percent in 2020 to reach 1.2 percent in 2021 and 1.5 percent in 2022, it said.
