Morocco’s Inflation Cools to 1.6% in March as Food Prices Stabilize
5 Articles
5 Articles
Morocco’s Inflation Cools to 1.6% in March as Food Prices Stabilize
Morocco’s inflation rate eased to 1.6% in March, down from the same time a year earlier, driven by a sharp drop in food prices and stagnant non-food costs, according to data released Monday by Morocco’s statistics office (HCP). The Consumer Price Index fell 0.3% from February to March, marking a rare monthly decline. Food prices dropped 0.7%, led by steep declines in meat (-4.7%), dairy and eggs (-2.0%), and cooking oils (-1.4%). Fuel prices als…
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