Consumer prices in Morocco were unchanged in February 2019, after decreasing 0.5 percent in the previous month. Prices fell for food & non-alcoholic beverages (-2 percent vs -3.1 percent in January) and transport (-1.5 percent vs -2.3 percent) while they rose at the same pace for miscellaneous goods & services (0.7 percent); clothing & footwear (0.9 percent); communication (0.3 percent) and alcoholic beverages & tobacco (15.1 percent). Meantime, higher cost was seen for health (1 percent vs 0.9 percent) and housing & utilities (1.1 percent vs 1 percent). On the other hand, prices slowed for restaurants & hotels (1.6 percent vs 1.7 percent); recreation & culture (0.6 percent vs 0.9 percent) and furnishings (1.7 percent vs 1.9 percent). On a monthly basis, consumer prices were flat, following a 0.3 percent drop in the previous month. Inflation Rate in Morocco averaged 1.45 percent from 2008 until 2019, 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 0.60 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 0.90 in 12 months time. In the long-term, the Morocco Inflation Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.