Morocco's High Commissioner for Planning announced that annual inflation rate remained at 1.1 percent in October. Inflation has dropped to that level in September, from 1.7 percent in August.
Food inflation fell slightly to 0.2% in October from 0.6% a month earlier, while rises in non-food prices slowed to 2 percent from 2.1 percent.
Inflation of goods and miscellaneous services rose to 6.5 percent in October from 6.3 percent in September. Rises in communication costs remained unchanged at 0.3 percent.
On a month-on-month basis, the consumer price index rose 0.1 percent in October, slowing from a 0.3 percent increase in September while food price inflation remained unchanged at 0.5 percent.
The planning commission forecast Morocco’s annual inflation rate would be 1.7 percent in 2018, up from 0.8 percent in 2017, and then slow to 1.3 percent in 2019.
Source (CNBC Arabic Website, Edited)
