Morocco's Annual Inflation Slows To 4.9 Percent

  • Rabat, Kingdom of Morocco
  • 23 August 2023
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Morocco's High Commission for Planning revealed that the inflation rate in the Kingdom, based on the consumer price index, slowed to 4.9 percent year-on-year in July, compared to 5.5 percent last month.

Food prices, the main driver of inflation in Morocco, rose 11.7 percent year-on-year while non-food commodity prices rose 0.4 percent and month-on-month, the index rose 0.3 percent.

Core inflation, which does not include volatile items, was 5.4 percent year-on-year and 0.3 percent month-on-month.

Source (Al-Arabiya.net Website, Edited)

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