Morocco’s inflation rate is set to fall to 0.8% in the fourth quarter of 2024, down from 1.3% in the third quarter, according to forecasts by the Central Bank “Bank Al-Maghrib”.
This slight slowdown would be exclusively attributed to the anticipated decline in fuel and lubricant prices from 2.8% to 12.4%, reflecting the trends in international petroleum product prices, the Central Bank pointed out in its latest monetary policy Report.
On the other hand, and taking into account the data from October, available information on wholesale market prices and their seasonal pattern, volatile food products prices are expected to decline by 0.6% year-on-year in Q4-2024, following an average decrease of 1.1% in Q3-2024.
In addition, BAM stated that the underlying inflation indicator should accelerate to 2.3%, compared with 2.1% in the previous quarter.
For their part, in the absence of relevant government decisions, regulated rates are set to evolve at a nearly unchanged rate compared with the third quarter, i.e. 2%.
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