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Tuesday, 20 April 2021

Morocco inflation falls in September on food prices

Consumer price index falls to 0.8 per cent, down from August's high

Reuters, Thursday 20 Oct 2011
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Views: 1005

Inflation in Morocco fell to an annual 0.8 per cent in September, led by a sharp slowdown in food prices, official data showed on Thursday.

A surge in food and education costs had pushed the consumer price index to a year-high in August when it hit 2.2 per cent.

Compared with their level a year earlier, consumer food prices rose 1.5 per cent in September, data from the state's High Planning Commission (HCP) showed.

Underlying inflation, a gauge used by Morocco's central bank to set the benchmark interest rate that excludes state tariffs and volatile prices, rose by an annual 1.4 per cent in September.

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