Consumer prices in Morocco fell 0.1 percent year-on-year in March 2019, after being unchanged on the previous month. Cost of food & non-alcoholic beverages dropped further (-2.7 percent from -2 percent in February). Also, prices eased for housing & utilities (1 percent from 1.1 percent); restaurants & hotels (1.5 percent from 1.6 percent); miscellaneous goods & services (0.6 percent from 0.7 percent); and clothing & footwear (0.6 percent from 0.9 percent). On the other hand, cost of transport rebounded (0.5 percent from -1.5 percent) and prices of recreation & culture rose at a faster pace (1.4 percent from 0.6 percent). Additionally, inflation was steady for furnishings & household equipment (1.7 percent, the same as in February); health (1 percent); communication (0.3 percent) and alcoholic beverages & tobacco (15.1 percent). On a monthly basis, consumer prices were flat. Inflation Rate in Morocco averaged 1.44 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 0.70 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 0.90 in 12 months time. In the long-term, the Morocco Inflation Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.