Morocco’s inflation rose to 2.6% in February, up from 2.0% in January, driven by food prices which increased 4.6%. Month-on-month, consumer prices were up 0.3%. Core inflation rose 0.2% month-on-month and 2.4% year-on-year.
In February, Morocco’s annual inflation rate reached 2.6%, up from 2% in January, as reported by the High Commission for Planning (HCP). This increase is primarily driven by food prices, which climbed 4.6% year-over-year, while non-food inflation rose by 1.2%.
On a monthly basis, consumer prices increased by 0.3% compared to January. Core inflation, which excludes the prices of more volatile items, experienced a month-on-month rise of 0.2% and a year-on-year increase of 2.4%.
The rise in Morocco’s inflation to 2.6% in February indicates a continuing trend of increasing consumer prices, particularly in food categories. The data highlights significant movements in both food and core inflation rates, reflecting ongoing economic conditions that may influence consumer purchasing power.
Original Source: www.tradingview.com
