Morocco's annual inflation rate rose marginally to 0.3 percent in July 2019 from 0.2 percent in the prior month. Prices increased faster for clothing & footwear (0.9 percent vs 0.7 percent in June); communications (0.8 percent vs 0.3 percent) and recreation & culture (1.8 percent vs 1.7 percent). Meantime, inflation remained steady for alcoholic beverages & tobacco (at 15.1 percent); housing & utilities (at 0.9 percent) and education (at 3.4 percent). On the other hand, cost was flat for transport (vs 0.2 percent) and decreased for food & non-alcoholic beverages (-1.2 percent vs -1.4 percent). On a monthly basis, consumer prices went down 0.8 percent, after increasing 0.2 percent in the preceding month Inflation Rate in Morocco averaged 1.41 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 0.30 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 0.60 in 12 months time. In the long-term, the Morocco Inflation Rate is projected to trend around 1.20 percent in 2020, according to our econometric models.