Consumer Price Index for Morocco
DDOE02MAA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.77
Year-over-Year Change
21.28%
Date Range
1/1/1960 - 1/1/2017
Summary
The Consumer Price Index for Morocco measures the change in the average price level of consumer goods and services purchased by Moroccan households. It is a key indicator of inflation and an important tool for economic policymakers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Consumer Price Index (CPI) for Morocco is a monthly statistical measure that tracks the weighted average change in prices paid by consumers for a basket of consumer goods and services. It is used to assess changes in the purchasing power of the Moroccan currency and to inform monetary and fiscal policies.
Methodology
The Moroccan CPI is calculated by the Haut-Commissariat au Plan, Morocco's central statistical agency, based on a survey of prices collected from households across the country.
Historical Context
The Moroccan CPI is closely monitored by the Central Bank of Morocco and the Ministry of Economy and Finance to guide decisions on interest rates, inflation targets, and other economic policies.
Key Facts
- Morocco's CPI has a base year of 2014.
- The CPI basket includes over 700 goods and services.
- Morocco targets an annual inflation rate of 2% to 3%.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Morocco measures the average change in prices paid by Moroccan consumers for a basket of household goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Moroccan CPI is a critical indicator of inflation that informs monetary and fiscal policy decisions by the central bank and government.
Q: How is this data collected or calculated?
A: The Moroccan CPI is calculated monthly by the Haut-Commissariat au Plan based on a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Moroccan CPI is closely tracked by policymakers to guide decisions on interest rates, inflation targets, and other macroeconomic policies.
Q: Are there update delays or limitations?
A: The Moroccan CPI data is published with a 1-month lag by the Haut-Commissariat au Plan.
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Citation
U.S. Federal Reserve, Consumer Price Index for Morocco (DDOE02MAA086NWDB), retrieved from FRED.