Morocco's annual inflation drops to 0.4% in May

RABAT (Reuters) -Morocco's annual inflation, measured by the consumer price index, dropped to 0.4% in May from 0.7% a month earlier, the North African country's statistics agency said on Friday.

Food prices, the main driver of inflation, rose 0.5% from a year earlier, while non-food inflation increased 0.3%.

Core inflation, which excludes more volatile goods such as food, was up 1.1% year-on-year and stable month-on-month.

(Reporting by Ahmed Eljechtimi; editing by Barbara Lewis)

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