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Investing.com -- Morocco’s annual inflation rate, as measured by the consumer price index, decreased to 0.3% in August from 0.5% in July, according to data released by the country’s statistics agency on Monday.
Food prices, which are considered the main driver of inflation in Morocco, rose by 0.2% compared to the same period last year. Meanwhile, non-food inflation increased by 0.3% year-on-year.
The statistics agency also reported that core inflation, which excludes more volatile goods from its calculation, registered a 0.7% increase on a year-on-year basis.
Core inflation remained stable when compared to the previous month.
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