Consumer prices in Morocco went up 0.2 percent yer-on-year in April 2019, after dropping 0.1 percent in the previous month. Prices rose faster for clothing & footwear (0.9 percent vs 0.6 percent) and recreation & culture (1.5 percent vs 1.4 percent) while they fell less for food & non-alcoholic beverages (-1.9 percent vs -2.7 percent). At the same time, inflation was steady for alcoholic beverages & tobacco (15.1 percent); furnishings (1.7 percent) and communication (0.3 percent). Meanwhile, cost slowed for housing & utilities (0.9 percent vs 1 percent); restaurants & hotels (1.1 percent vs 1.5 percent); miscellaneous goods & services (0.5 percent vs 0.6 percent); transport (0.4 percent vs 0.5 percent) and health (0.9 percent vs 1 percent). On a monthly basis, consumer prices went up 0.6 percent, after being flat in the previous month. Inflation Rate in Morocco averaged 1.43 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 0.30 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.