Tuesday , March 9 2021

Annual inflation in Morocco stabilized at 1.1% in October

People from a popular market in Casablanca, Morocco, May 16, 208. Photography by Joseph Budal.

RABAT (Reuters) – Annual inflation reached 1.1% in October, Morocco's planning commissioner said on Thursday.

Inflation dropped to this level in September from 1.7% in August.

In October, food inflation fell slightly to 0.2% from 0.6% in the previous month, while non-food inflation fell to 2% from 2.1%.

Inflation in various goods and services rose to 6.5% in October from 6.3% in September. The increase in communications costs remained unchanged at 0.3%.

On a monthly basis, the CPI rose 0.1% in October, slowing down from 0.3% in September, while food price inflation remained unchanged at 0.5%.

The Commission expects Morocco's annual inflation rate to reach 1.7% in 2018, compared with 0.8% in 2017, to fall to 1.3% in 2019.

Media Coverage Ahmed al-Geststimi – Prepared by Marua Salam for the Arab Newsletter – edited by Abdel Moneim Darar

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