Morocco inflation turns negative as food prices slide

• 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.