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| 17 August, 2018

Morocco’s CPI drops to 2.1% y/y in July

Food inflation stood at 1.8%, down from 3.1% in June

Image used for illustrative purpose 
People shop during Sunday market in Agdir city, southwester Morocco, December 15, 2013.

Image used for illustrative purpose People shop during Sunday market in Agdir city, southwester Morocco, December 15, 2013.

REUTERS/Ahmed Jadallah

RABAT  - Morocco's annual consumer price inflation slowed to 2.1 percent year-on-year in July from 2.5 percent in June, the High Planning Commission said on Friday.

Food inflation stood at 1.8 percent, down from 3.1 percent in June, while non-food inflation remained flat at 2.0 percent, the commission said in a statement.

Inflation of goods and miscellaneous services stood at 6.7 percent after 6.4 percent in June.

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Last month, the commission forecast Morocco's annual inflation would rise from 0.8 percent in 2017 to 1.7 percent in 2018 and 1.3 percent in 2019.

(Reporting by Ahmed Eljechtimi; Editing by Kevin Liffey) ((ahmed.eljechtimi@thomsonreuters.com;))