Morocco's consumer prices went down 0.2 percent in May of 2020, after increasing 0.9 percent in the previous month. It was the first drop in consumer prices since March of 2019. Main downward pressure stemmed from prices of transport (-7.3 percent vs -6.3 percent in April) and recreation & culture (-1.1 percent vs -0.9 percent). In addition, inflation slowed mostly for food & non-alcoholic beverages (0.1 percent vs 2.9 percent) and restaurants & hotels (1.2 percent vs 1.3 percent). Conversely, prices advanced faster for housing & utilities (0.7 percent vs 0.5 percent). On a monthly basis, consumer prices decreased 0.2 percent, after edging down 0.1 percent in the prior month.
Inflation Rate in Morocco averaged 1.36 percent from 2008 until 2020, 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. This page provides - Morocco Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Morocco Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Haut Commissariat au Plan
Inflation Rate in Morocco is expected to be 1.20 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 1.00 percent in 2021 and 1.30 percent in 2022, according to our econometric models.