Morocco's annual inflation rate rose to 0.8 percent in August 2019, its highest level since December, from 0.3 percent in the previous month. Upward pressure came mostly from prices of alcoholic beverages & tobacco (15.1 percent, the same pace as in July); clothing & footwear (1.0 percent vs 0.9 percent); restaurants & hotels (1.2 percent vs 0.7 percent); housing & utilities (0.9 percent, the same as in July) and transport (0.4 percent, after being flat in the prior month). Meantime, prices of food & non-alcoholic beverages decreased less (-0.2 percent vs -1.2 percent). On a monthly basis, consumer prices went up 0.3 percent, after decreasing 0.8 percent in the preceding month. Inflation Rate in Morocco averaged 1.40 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 0.60 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 0.80 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.