Morocco's annual inflation rises to 5% in August

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Morocco's inflation, measured by the consumer price index, accelerated to 5% year-on-year in August, from 4.9% a month earlier, the statistics agency HCP said on Tuesday.

Food prices, the main driver for inflation in Morocco, rose by 10.4% from a year earlier, while non-food inflation increased by 1.3%. On a month-on-month basis, the index rose by 0.3%. Core inflation, which excludes more volatile prices, stood at 4.

9% year-on-year and 0.2% month-on-month

 

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