Maghreb Arab Press

Inflation Would Reach 1.8% in 2018, Morocco's Central Bank Says

Rabat  -  
Inflation slowed down in 2017 to 0.7% and is expected to reach 1.8 percent in 2018, Bank Al-Maghrib said.
Inflation Would Reach 1.8% in 2018, Morocco's Central Bank Says
20 March 2018

The Board of Bank Al-Maghrib, which held its first quarterly meeting of the year on Tuesday, noted that inflation, as projected in the Monetary Policy Report of last December, slowed down in 2017 to 0.7 percent due to a decline in volatile food prices, the Central Bank said in a release.

Conversely, core inflation accelerated to 1.3 percent after a temporary significant decrease in 2016 to 0.8 percent, it added, noting that in the medium term, inflation is projected to rise but would remain at moderate levels. It would reach 1.8 percent in 2018, driven mainly by higher regulated prices, and ease to 1.5 percent in 2019.

Core inflation is expected to stand at 1.4 percent in 2018 and 1.9 percent in 2019, as a result of stronger domestic demand and higher imported inflation, according to the same source.

Last modified : 20 March 2018

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