The results of the ongoing household survey conducted by the High Commission for Planning (HCP) for the second quarter of 2024 reveal a grim outlook on savings among Moroccan households.
Only 9.8% of households expect to save money in the next 12 months, compared to a staggering 90.2% who do not anticipate any savings. This sentiment is reflected in the savings opinion balance, which stands at -80.4 points. This marks a decline from the previous quarter’s -81.5 points and the -79.4 points recorded in the same quarter of the previous year.
The survey highlights that 96.4% of households reported an increase in food prices over the past 12 months, with a negligible 0.4% noting a decrease. The opinion balance on food prices remains deeply negative at -96 points, a slight improvement from -96.5 points in the previous quarter and -98 points a year earlier.
Additionally, 82.1% of households anticipate further increases in food prices over the next 12 months, while 14.9% expect prices to remain stable and 3% foresee a decrease. Consequently, the opinion balance on future food prices remains negative, at -79.1 points, compared to -70 points in the previous quarter and -67.7 points a year ago.
