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Morocco producer prices rebound on chemicals after six-month slide

Steel factory. Photo by Peter Herrmann @ Unsplash
Steel factory. Photo by Peter Herrmann @ Unsplash
  • Chemical prices lift Morocco’s industrial costs
  • Inflation stays subdued despite growth momentum

 

RABAT, MOROCCOMorocco’s industrial producer prices rose in October after six straight months of decline, as a surge in chemical costs outweighed weakness in food and technology manufacturing.

Data released in the October Producer Price Index (PPI) by High Commission for Planning showed the index gained 0.4% month-on-month, accelerating from a 0.1% rise in September. The index increased to 117.7 points, up from 117.2 in the previous month.

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