Moroccan inflation eases to 1.6% y/y in September

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RABAT (Reuters) – Morocco’s consumer price inflation eased to an annual 1.6 percent in September from 1.7 percent in August as non-food prices dropped, the High Planning Authority said on Thursday.

Food inflation rose slightly to 3.9 percent from 3.5 percent in the 12 months to August. Non-food price inflation eased to 0.2 percent from 0.4 percent in the previous month.

Transport costs fell 4.7 percent, while hotels and restaurants were 2.3 percent more expensive, the agency said, without elaborating.

On a month-on-month basis, the consumer price index rose 0.2 percent in September, compared to 0.1 percent in August. Food price inflation was steady at 0.2 percent on the month while non-food inflation eased to 0.1 percent.

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