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Morocco inflation turns negative as food prices slide

Food items on sale. Photo by Viki Mohamad @ Unsplash
Food items on sale. Photo by Viki Mohamad @ Unsplash
  • Food prices plunge, pushing inflation below zero
  • Central bank holds rates as growth outlook strengthens

 

RABAT, MOROCCO – Consumer prices in Morocco fell into negative territory in November, driven by a sharp drop in food costs that pushed annual inflation below zero and eased pressure on households.

Morocco’s annual inflation rate stood at -0.3% in November, as the consumer price index fell 0.6% from October, according to data released by the High Commission for Planning.

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