The annual inflation rate in Morocco edged up to 0.3% in May 2019 from 0.2% in the preceding month. It is the highest inflation rate since December, as prices rose further for clothing & footwear (1.3% vs 0.9% in April), transport (0.9% vs 0.4%) and they fell less for food & non-alcoholic beverages (-0.7% vs -1.9%). Meantime, cost advanced at the same pace for housing & utilities (0.9%) and miscellaneous goods & services (0.5%). In contrast, inflation slowed for restaurants & hotels (0.8% vs 1.1%); recreation & culture (1.4% vs 1.5%) and furnishings (1.4% vs 1.7%). On a monthly basis, consumer prices inched up 0.7%, after a 0.6% rise in the previous month. Inflation Rate in Morocco averaged 1.42 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 0.40 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.