The annual inflation rate in Morocco rose to 2.0 percent in October of 2018 from 1.1 percent in the previous month. It was the highest inflation rate since July, as cost of food and non-alcoholic beverages rebounded (1.8 percent compared to -1.0 percent in September). Additionally, prices increased further for miscellaneous goods and services (6.5 percent compared to 6.3 percent) and health (0.5 percent compared to 0.4 percent). On the other hand, cost eased for transportation (1.6 percent compared to 2.1 percent); housing and utilities (0.9 percent compared to 1.1 percent); furniture and household equipment (0.9 percent compared to 1.3 percent); clothing and footwear (1.0 percent compared to 1.1 percent) and education (2.3 percent compared to 3.4 percent). Also, inflation was steady for recreation and culture (at 0.8 percent, the same as in September). On a monthly basis, consumer prices went down 0.1 percent, after rising 0.3 percent in the prior month. Inflation Rate in Morocco averaged 1.47 percent from 2008 until 2018, 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 2.10 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 1.50 in 12 months time. In the long-term, the Morocco Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.