Morocco’s inflation rate increased to 2.6% in February, driven by a 4.6% rise in food prices and a 1.2% increase in non-food inflation. Month-on-month, consumer prices rose 0.3%. Core inflation reached 2.4% year-on-year, with a month-on-month increase of 0.2%.
In February, Morocco experienced a rise in its annual inflation rate to 2.6%, up from 2% in January, as reported by the country’s statistics agency, HCP. Food prices significantly contributed to this increase, surging by 4.6% compared to the previous year, while non-food inflation rose by 1.2%. Additionally, consumer prices saw a month-on-month increase of 0.3% from January. Core inflation, which omits more unpredictable goods, rose by 0.2% month-over-month and recorded a 2.4% increase year-over-year.
The acceleration of Morocco’s inflation rate to 2.6% in February highlights ongoing challenges, particularly in food pricing. The consistent rise in core inflation suggests a broader economic impact, prompting further observation of consumer price trends going forward.
Original Source: www.tradingview.com
