Morocco’s annual consumer price inflation dropped to 1.1 percent in September from 1.7 percent in August as food price rises slowed from 2017, the country’s High Planning Commission announced.
Source: IMF World Economic Outlook
Annual food inflation dropped to 0.6 percent in September, down from 1.1 percent in August, while non-food inflation increased to 2.1 percent from 1.9 percent.
African Countries with Highest Inflation Rate
Source: World Bank (2017)
The commission forecasts Morocco’s annual inflation will rise from 0.8 percent in 2017 to 1.7 percent in 2018 and then slow to 1.3 percent in 2019.