Rabat - Inflation witnessed a 1.9 pc increase in 2013 against 1 pc between 2009 and 2012, according to Morocco's central bank, Bank Al-Maghrib.
Rabat – Inflation witnessed a 1.9 pc increase in 2013 against 1 pc between 2009 and 2012, according to Morocco’s central bank, Bank Al-Maghrib.
2013 was marked by a relative rise in domestic inflationary pressures linked to the evolution of prices of some services, higher fuel prices and lower supply of certain agricultural products, the bank said in its 2013 annual report presented on Saturday to King Mohammed VI.
The effect of these pressures was offset by the fall in those related to external origin at a juncture marked by falling global commodity prices and disinflation trend in the euro zone, the report said.
The rise in inflation reflects mainly the increase by 0.8 pc in 2012 and 1.5 pc in 2013 of underlying inflation, especially in connection with the increase in prices of household rental and cost of education, and the decline of communication prices, the report said.