Morocco inflation turns negative in December as food prices fall

• Food prices pull inflation into negative territory
• Core inflation and energy costs also eased

RABAT, MOROCCO – Morocco’s inflation cooled sharply in December, turning negative as falling food prices outweighed modest increases in non-food costs, official data showed.

Consumer prices fell –0.3% year on year in December, according to figures released Thursday by the High Commission for Planning (HCP), offering reassurance to investors monitoring price stability in the North African economy.