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