Morocco's annual inflation drops to 0.7% in October
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FILE PHOTO: A vendor sits among spices and nuts in his stall in a market in Marrakesh, Morocco, October 22, 2024. REUTERS/Stelios Misinas/File photo
RABAT (Reuters) - Morocco's annual inflation, measured by the consumer price index, eased to 0.7% in October from 0.8% a month earlier, Morocco's statistics agency said on Friday.
Food prices, the main driver for inflation, rose 0.5% from a year earlier, while non-food inflation increased by 0.7%.
Core inflation, which excludes more volatile goods, was up 0.3% month-on-month and 2.4% year-on-year.
(Reporting by Ahmed Eljechtimi; Editing by Toby Chopra)
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