The annual inflation rate in Morocco fell to 1.3 percent in November of 2018 from 2.0 percent in the previous month. Prices fell for food and non-alcoholic beverages (-0.5 percent compared to 1.8 percent in October) and slowed for transportation (1.4 percent compared to 1.6 percent) and miscellaneous goods and services (6.4 percent compared to 6.5 percent). On the other hand, cost rose at a faster pace for housing and utilities (1.0 percent compared to 0.9 percent); furniture and household equipment (1.4 percent compared to 0.9 percent); clothing and footwear (1.1 percent compared to 1.0 percent); education (3.4 percent compared to 2.3 percent) and health (0.8 percent compared to 0.5 percent). Additionally, inflation was steady for recreation and culture (at 0.8 percent, the same as in October). On a monthly basis, consumer prices went up 0.7 percent, rebounding from a 0.1 percent decline in the prior month. Inflation Rate in Morocco averaged 1.47 percent from 2008 until 2018, reaching an all time high of 5.20 percent in May of 2008 and a record low of -1.60 percent in December of 2009.
Inflation Rate in Morocco is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Morocco to stand at 1.00 in 12 months time. In the long-term, the Morocco Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.