Macroeconomic Forecast Morocco

BMI View: Consumer price inflation reached 1.7% y-o-y in July, a slight fall from the 1.9% y-o-y seen in June. The biggest rises were seen in food prices (3.1% higher) and in transport (5.2% higher). Communications saw the biggest collapse in prices, down by 26.5%. Overall, we expect inflation, which reached only 0.9% last year, to average 1.5% and 2.0% y-o-y in 2012 and 2013 respectively.

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