Inflation in Maghreb will continue to undercut real wages and feed social discontent
To:
Al-Monitor Pro Members
From:
Francisco Serrano
Journalist and analyst specialized in North Africa
Date:
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.
