Morocco: Inflation and drought proving a major headache - News Summed Up

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Morocco: Inflation and drought proving a major headache


For Moroccan farmers, the combination of inflation and drought are proving a major headache as prices for everything from fuel to fertiliser have risen to all-time highs, making their work more difficult. There is no water, water decreased a lot, it is very hard (to work)," said Bella El Omari, who runs a farm in Ain Atiq, a town on the outskirts of Rabat. The impact of the drought, compounded by the war in Ukraine, highlights Morocco's exposure to climate and global commodity pricing shocks. "The increase of prices and the increase of the production costs at the international level affect the local infrastructure, and consequently this leads to an internal inflation," Fakir said. According to the country's planning agency, inflation in Morocco reached 7.2% in June, one of the highest levels since 2008.


Source: The North Africa Journal August 12, 2022 11:30 UTC



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