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Moroccans are reeling under the onslaught of the price spiral, which has kept essential items like fruits, vegetables, bread, and meat beyond the reach of people
Moroccans are reeling under the onslaught of the price spiral, which has kept essential items like fruits, vegetables, bread, and meat beyond the reach of people. Ordinary people complain that the price spiral was to the extent of two times in recent months and is still ticking. According to the government data, inflation accelerated to 8.9% in January, up from 6.6% in December last year.
Morocco has been negatively impacted by the conflict in the Ukraine war. Commodity prices have zoomed up, particularly for food and energy. Though the government has scaled up social protection, discontent remains and some reports say that it is increasing.
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The country’s Central Bank had expected inflation to tame at 3.9% in 2023 from last year’s high of 6.6%. But going by the pace of growth in inflation and the Russian -Ukraine war still at its highest pitch, analysts say there seems much to hope for till the time the war comes to an end and disrupted supply chains are restored.
