Inflation in Maghreb will continue to undercut real wages and feed social discontent


Al-Monitor Pro Members


Francisco Serrano

Journalist and analyst specialized in North Africa


Oct. 4, 2022

Bottom Line:

Morocco, Algeria and Tunisia have sustained high levels of imported inflation, driven by higher food and energy prices. The Russian invasion of Ukraine in February has destabilized government budgets in Morocco and Tunisia while boosting the reserves of hydrocarbons exporter Algeria. But populations in all three countries are paying for costlier food with weakened currencies, and this has the potential to trigger large-scale social instability, disrupting governments and business activity in those countries.

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