Morocco’s consumer price index dropped 0.2 percent in April from a year earlier, after falling 0.1 percent year-on-year the previous month, the high commission for planning said on Wednesday.
Food prices fell by 1.2 percent year-on-year in April after rising by 1.8 percent year-on-year in March. Non-food prices increased year-on-year by 0.8 percent in April compared with a rise of 1.1 percent a month earlier.
On a month-on-month basis, the consumer price index rose 0.6 percent in April. Core annual inflation stood at 0.3 percent on a month-on-month basis and 1.1 percent year-on-year. The central bank expects inflation to drop to 0.6 percent in 2019 from 1.9 percent in 2018 before picking up to 1.1 percent in 2020.
