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Morocco's Inflation Reaches Stable Grounds; Core Prices Rise Modestly

A recent briefing from the High Commission of Planning (HCP) reveals that Morocco's core inflation, an index that excludes products with volatile prices and public tariffs, experienced a modest 0.2% month-on-month (MoM) increase in April. This mild uptick in core prices indicates a stabilizing trend......

Core Inflation in Morocco Dips Below 2%, Signaling Economic Stabilization

Morocco's core inflation rate, a critical economic measure that excludes volatile components like energy prices, fell below 2% in March 2024, according to a recent report from the High Commission for Planning (HCP). This decline marks a welcome shift from the high inflation that had gripped the nation......

Navigating the Road to 2% Inflation: A Prolonged Journey Ahead for the US Federal Reserve

In a candid assessment, Jerome Powell, the Chair of the United States Federal Reserve, revealed that achieving confidence in slowing inflation towards the 2% target will take "longer than expected". During a round table discussion in Washington with his Canadian counterpart, Powell acknowledged......

Morocco's Economy Anticipated to Expand by 3.1% in 2024 Despite Inflationary Pressures

Morocco is poised for robust economic growth, with projections by the International Monetary Fund (IMF) forecasting a 3.1% expansion in 2024. This positive outlook persists despite the country grappling with inflationary challenges. The IMF's latest forecast, unveiled during the spring meetings......

Inflation in Morocco Hits Lowest Level in Eleven Quarters

According to the High Commission for Planning (HCP), inflation would have continued its downward trend to reach its lowest level in eleven quarters, standing at +1.1% in the first quarter of 2024, which is 2.7 points lower than the previous quarter. This easing of prices would have resulted from a marked......

Study Warns of Rising Food Costs Amid Climate Crisis

A recent study published by scientific publishing "Springer Nature" delivers a sobering message, signaling an imminent surge in food prices fueled by the escalating global warming crisis. Conducted by a team of experts, the research paints a grim future, particularly for nations in the southern......

Morocco's Resilient Ascension: Conquering Inflation and Economic Turbulence

In an era fraught with global tribulations, Morocco has emerged as a paragon of resilience, surmounting economic challenges and distinguishing itself on the world stage. The North African nation's extraordinary economic performance, marked by sturdy growth and a sharp decline in inflation, has captivated......

Morocco's Path to Embracing a Flexible Dirham Exchange Rate Amid Economic Stability

Morocco is on the brink of a significant transition, with its central bank, Bank Al-Maghrib (BAM), preparing to adopt a fully floating dirham exchange rate. This pivotal move is fueled by the nation's strengthening macroeconomic stability, supported by a reduced current account deficit, robust foreign......

Addressing Persistent Inflation Amidst Soaring Food Prices in Morocco

In January 2024, consumer prices in Morocco surged by 2.3%, driven primarily by a notable 4.2% increase in the food price index compared to the same period last year, as reported by the High Commission for Planning (HCP). Despite a 0.6% month-on-month decline in the overall consumer price index (CPI)......