Morocco's consumer prices dropped 0.7 percent year-on-year in June 2020, following a 0.2 percent fall in the previous month. It was the sharpest decline in consumer prices since January 2010, as cost of food & non-alcoholic beverages decreased (-1.6 percent vs 0.1 percent in May). Also, prices slowed for restaurants & hotels (1 percent vs 1.2 percent); furnishings & household equipment (0.1 percent vs 0.2 percent); clothing & footwear (0.4 percent vs 0.5 percent); health (0.7 percent vs 1.2 percent); and education (3.1 percent vs 3.2 percent). On the other hand, cost of housing & utilities rose further (0.8 percent vs 0.7 percent), while prices fell less for transport (-4.7 percent vs -7.3 percent) and recreation & culture (-1 percent vs -1.1 percent). On a monthly basis, consumer prices went down 0.3 percent, after declining 0.2 percent in the prior month.
Inflation Rate in Morocco averaged 1.35 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 August 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.