Wednesday, November 27

Morocco Inflation Rises To 1.6 pct In January

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Reuters Middle East

Morocco inflation rate

Morocco’s consumer price inflation rose to an annual 1.6 percent in January from 0.4 percent in December as food and non-food prices increased, the High Planning Authority said on Monday.

Food inflation was up 2.1 percent in the 12 months through January. The non-food price index rose 1.1 percent from the previous month.

Transportation expenses fell 2.8 percent while housing costs 4.9 percent, the agency said without elaborating.

On a month-on-month basis, the consumer price index was steady in January at 0.3 percent. The food price index rose 1.1 percent on the month and non-food prices were down 0.4 percent.

(Reporting by Aziz El Yaakoubi; Editing by Alison Williams)

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