Morocco’s inflation rate fell 0.9 per cent in the year to June, according to figures released by the state planning body.
The overall decline is a result of a 3.4 per cent drop in the price of food and a 1.3 rise in non-food consumer prices, according to the Haut-Commissariat au Plan.
Consumer prices fell 1.7 per cent between May and June 2009 as a result of a 3.5 per cent drop in food prices.
The price of vegetables declined 18.5 per cent and fruit prices fell by 17.9 per cent. Non-food prices remained stable.
Compared with May, prices fell 2.2 per cent in Rabat and Tetouan, 1.7 per cent in Casablanca and 1.5 per cent in Kenitra.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.