Morocco inflation falls in September on food prices

Thu Oct 20, 2011 9:13am GMT
 

RABAT Oct 20 (Reuters) - Inflation in Morocco fell to an annual 0.8 percent in September, led by a sharp slowdown in food prices, official data showed on Thursday.

A surge in food and education costs had pushed the consumer price index to a year-high in August when it hit 2.2 percent.

Compared with their level a year earlier, consumer food prices rose 1.5 percent in September, data from the state's High Planning Commission (HCP) showed.

Underlying inflation, a gauge used by Morocco's central bank to set the benchmark interest rate that excludes state tariffs and volatile prices, rose by an annual 1.4 percent in September. (Reporting By Souhail Karam; editing by Anna Willard)

 
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