Friday February 24 2017
Morocco Inflation Rate at 2.10 percent
Consumer prices in Morocco rose 2.1 percent year-on-year in January of 2017, after a 1.8 percent increase in the previous month. It is the highest inflation rate since September last year, as cost advanced at a faster pace for food and non-alcoholic beverages (2.9 percent vs 2.5 percent in December), transport (3.6 percent vs 2.3 percent) and clothing and footwear (1 percent vs 0.8 percent) while eased fore recreation and culture (1.6 percent vs 1.9 percent). Meantime, inflation was steady for furniture and household equipment (0.6 percent), health (0.3 percent), education (2.9 percent), restaurants and hotels (2.5 percent) and miscellaneous goods and services (0.4 percent) and cost of alcoholic beverages and tobacco continued to be flat. On a monthly basis, consumer prices went up 0.2 percent, compared with a 0.1 percent drop in December.