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Inflation Impact: Moroccan Households Struggle as Prices Surge Nationwide

Moroccan households grappled with financial challenges throughout 2023, as inflation took a toll on their budgets. According to a recent report by the High Commission for Planning (HCP), the annual average consumer price index (CPI) witnessed a significant 6.1% surge compared to the previous year. This......

Morocco's Inflation Dips to 6.1% in 2023

Morocco welcomed positive economic news this week as the country's inflation rate declined to 6.1% in 2023, marking a decrease from the previous year's 6.6%. The reduction was disclosed in a report published on Monday by Morocco's High Commission for Planning (HCP). The drop in inflation......

Inflation Slowdown Provides Short-Term Relief in Morocco

Morocco's inflation rate saw a welcome decline to 6.1% in 2023, down from the previous year's 6.6%, as reported by the latest data from the country's official statistics agency. This modest deceleration signals a potential respite after two years of steadily rising prices that have strained......

Morocco's Economic Landscape: Resilient Household Spending Amidst Challenges

In the face of a nuanced economic landscape, Morocco demonstrates promising signs of growth, particularly in household consumption, despite encountering various challenges. A recent report from the High Commission for Planning (HCP) projects a 1.2% expansion in household spending during the first quarter......

Impact of Prolonged Drought on Morocco's Agriculture Sector in 2023

Morocco's crucial agriculture industry faced severe setbacks in 2023 due to an enduring drought that persisted throughout the year, according to new data. A report from the Higher Commission for Planning (HCP) reveals the devastating consequences of the prolonged water shortage, with the agriculture......

Morocco's Economic Outlook Dimmed by Drought Conditions

Morocco is poised to experience a slowdown in economic growth in the upcoming months, as highlighted by the recent report from the country's statistics office, Haut-Commissariat au Plan (HCP). The agency projects a modest annual growth rate of +2.4% for the first quarter of 2024, signaling a decline......

Morocco's GDP Displays Robust Growth in the Third Quarter of 2023

In the third quarter of 2023, Morocco's national economic growth experienced a significant upswing, reaching 2.8% compared to the 1.7% recorded during the same period in 2022, as reported by the High Commission for Planning (HCP). This positive development is attributed to a 2.7% increase in non-agricultural......

Egyptian Delegation Explores Moroccan Prowess in Economic Data Compilation

In a noteworthy diplomatic exchange, Morocco's High Planning Commission (HCP) recently welcomed a distinguished delegation from Egypt to Rabat. This rendezvous was not just a customary visit; it was a strategic exploration of Morocco's expertise in the meticulous compilation of national economic......