World

Morocco's annual inflation rises to 2.7pc yr/yr in April

Published May 22, 2018 Updated May 22, 2018 01:09pm

Annual food inflation rose to 3.7 percent from 3.3 percent in the 12 months through April. Non-food price inflation grew to 1.7 percent from 1.4 percent year on year, it said in a statement.

Communication costs remained unchanged, while goods and miscellaneous services were 6.8 percent more expensive, the data showed.

On a month-on-month basis, the consumer price index rose 0.3 percent in April compared with 0.1 percent in March, as food price inflation rose 0.7 percent, up from 0.2 percent.

Copyright Reuters, 2018