Central Bank : Inflation expected to reach 2.4% in 2018, back to 1.4% in 2019

Inflation is expected to reach 2.4 percent in 2018, before returning to 1.4 percent in 2019, while core inflation, which measures the fundamental price trend, would remain subdued, reaching about 1.1 percent in 2018 and 1.6 percent in 2019, central bank «Bank Al-Maghrib» said.

«Inflation has markedly accelerated over the first four months of the year. This change reflects the impact of the review of the CPI basket structure last March by the High Commission for Planning as well as significant increases in volatile food prices and regulated prices», the Board of Bank Al-Maghrib noted in a press statement on the second quarterly meeting in 2018.