Morocco: Substantial Rise in Food Prices in 2008 and Temporary Break in 2009

The year 2008 was particularly difficult for the Moroccans, ending with a substantial erosion of household finances.

Food prices, in particular contributed greatly to deteriorating spending conditions. Official data pegged the rise in food prices at 6.8% compared to their 2007 level. The rise is even more pronounced considering that food prices rose 2% on average annually from 2000 to 2006. Read here or subscribe here.