Morocco’s CPI rises 0.3% in September: planning agency


(Reuters) – Morocco’s consumer price index was up 0.3% in September from a year earlier, slowing from an 0.8% rise in the previous month, the high commission for planning said on Tuesday.

Food prices rose 0.3% year-on-year in September, while non-food prices increased by 0.6%.

On a month-on-month basis, the consumer price index dropped 0.2% in September.

Core annual inflation dropped 0.1% in September on a month-on-month basis, but was still 1% higher year-on-year.

Inflation, mainly affected by food prices, is expected to slow to 0.6% in 2019 from 1.9% last year, before picking up to 1.2% in 2020 as domestic demand improves, according to the central bank.

Reporting by Ahmed Eljechtimi; Editing by Alison Williams

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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