The decline in inflation and the stability of mortgage rates not only provide relief to buyers, but they also raise new hope for the real estate market.
A bad surprise at the beginning of the week in the service stations in Morocco where motorists have again discovered a rise in fuel prices.
According to a recent survey by the Sunergia Group, nearly half of Moroccans (49%) plan to take a vacation this summer, up 3% from the previous year. Some of them will not be able to go on vacation this year.
The continued rise in the price of meat in Morocco is affecting the cost of the Eid Al-Adha sacrifice for many Moroccan households.
Very good news for Moroccan bankers who will see, in their next pay slip, a salary increase.
A general rise in rents has been observed in Morocco, whether for apartments or villas, and in most cities. Let’s take a closer look.
Since this morning, Moroccan motorists are facing an increase in pump prices. According to information provided by the National Federation of Owners, Merchants and Managers of Service Stations in Morocco (FNPCGS), a 26-cent per liter increase for gasoline and 15 cents for diesel is displayed.
The Minister of the Interior, Abdelouafi Laftit, announced the creation of twelve new regional wholesale markets, equipped with modern facilities to combat food speculation exacerbating inflation. This approach, he said, is part of an effort to provide financial, technical and legal support to local authorities in order to improve and modernize local economic services, essential links in agricultural production and marketing chains.
Morocco is currently facing a difficult economic situation, marked by galloping inflation. According to the latest note on the economic situation from the High Commission for Planning (HCP), the consumer price index (CPI) increased by 8.9% in January 2023.
Morocco has announced a series of measures to fight inflation and stabilize food prices, particularly for fruits and vegetables, before the start of the month of Ramadan. These measures include restricting the export of these products , as well as strengthening price controls and fighting speculation.
Morocco is preparing to welcome ships carrying 30,000 head of cattle from Brazil and Uruguay in an attempt to cope with the continuous price increase observed for several months.
At the end of 2022, inflation reached 6.6% and the annual consumer price index (CPI) recorded an increase of 6.6% compared to 2021, according to the High Commission for Planning (HCP), which specifies that some cities have seen prices rise close to 10%.