Saturday, November 23

Moroccan inflation steady at annual 0.4 percent in April

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Reuters

RABAT May 21 (Reuters) – Morocco’s consumer price inflation was 0.4 percent year-on-year in April, the same as in March and February, the High Planning Authority said on Wednesday.

Non-food price inflation rose slightly to 1.4 percent, while the food index was up at 0.9 percent from 0.8 pct. Communications prices fell 9 percent, the agency said.

On a monthly basis, inflation fell to 0.1 percent from 0.3 percent last month. (Reporting By Aziz El Yaakoubi; Editing by John Stonestreet)

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