In February, Morocco’s inflation reached 2.6%, an increase from January’s 2%. Food prices rose by 4.6% year-on-year and 0.3% month-on-month. Core inflation showed a monthly rise of 0.2% and an annual increase of 2.4%.
In February, Morocco experienced an increase in its annual inflation rate, which reached 2.6%, up from 2% in January, according to the country’s statistics agency HCP. The primary contributing factor to this rise was an increase in food prices, which surged by 4.6% year-over-year. Additionally, non-food inflation saw a rise of 1.2% during the same period.
On a monthly basis, from January to February, consumer prices increased by 0.3%. Furthermore, core inflation, which omits the influence of more volatile goods, recorded a month-on-month rise of 0.2% and an annual increase of 2.4%.
The inflation rate in Morocco rose significantly in February, attributed mainly to increasing food prices. Both overall and core inflation rates indicate ongoing economic pressures, emphasizing the need for monitoring these trends moving forward.
Original Source: www.tradingview.com
