Thursday, November 21

Morocco says inflation drops to 1 pct in Aug

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RABAT, Sept 20 (Reuters) – Morocco’s consumer price inflation eased to an annual 1 percent in August from 1.7 percent in July, the country’s planning authority said on Thursday.

Food prices rose by an annual 1.5 percent by end-August while they were up 3.1 percent in July, the High Planning authority said.

Month on month, overall consumer price inflation was 0.7 percent after a 1.4 percent rise in food prices between July and August.

(Reporting by Souhail Karam; Editing by Toby Chopra)

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