Inflation in Morocco Increased to 8.2 percent

  • Rabat, Kingdom of Morocco
  • 20 April 2023
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The High Commission for Planning revealed that inflation in Morocco rose to 8.2 percent last March compared to March 2022, mainly due to the rise in food prices.

According to UNHCR statistics, this increase resulted from a rise in food prices by 16.1 percent and non-food prices by 3 percent.

The core inflation index, which excludes fixed-priced and highly volatile items, increased by 0.1 percent compared to February 2023 and increased by 8.1 percent compared to March 2022.

Inflation has reached unprecedented levels due to rising food and energy prices, which the government attributes to drought and the Ukrainian-Russian war.

Source (Al Arabiya.net Website, Edited)