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    Home » Morocco annual inflation dropped to 1.3% in July from 1.8% in June

    Morocco annual inflation dropped to 1.3% in July from 1.8% in June

    August 19, 2024
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    *A general view of the Jamaa El-Fna square, with the El Koutoubia Mosque in the background, in Marrakech, Morocco September 17, 2023. REUTERS/Ammar Awad/File Photo.

    Rabat — Morocco’s annual inflation, measured by the consumer price index, eased to 1.3% in July from 1.8% a month earlier, Morocco’s statistics agency said on Monday.

    Food prices, the main driver for inflation, rose 0.5% from a year earlier, while non-food inflation increased by 1.8%.

    Core inflation, which excludes more volatile goods, was up 0.1% month-on-month and 2.1% year-on-year.

    *Ahmed Eljechtimi, editing: Bernadette Baum – Reuters

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