Morocco Blocks Inflation with Agricultural Sector Support

  • Rabat, Morocco
  • 7 August 2023
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The Moroccan government is betting on measures related to subsidizing agricultural raw materials to mitigate the rise in prices, expecting the inflation rate to fall to 3.4 percent next year, compared to expectations of about 5.6 percent this year, and recording 6.6 percent last year.

The government had bet on inflation reaching 2 percent this year, but it reached 5.5 percent in June, 7.1 percent in May, and 7.8 percent in April, while it recorded sharper levels in March at 8.2 percent and February at 10.1 percent and 8.9 percent in January.

Source (Al-Araby Al-Jadeed Newspaper, Edited)

 

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