Food costs drive Moroccan inflation to 7.7  in July.

Food costs drive Moroccan inflation to 7.7 in July.

According to Morocco’s High Commission for Planning, the consumer price index grew 7.7% year on year in July.
Food prices increased by 12, non-food commodity prices increased by 5, and transportation expenditures increased by 18. 5 percent due to an increase in energy costs.
Month on month, the index climbed by 0.9%.
The core CPI, which excludes volatile goods, rose 6. 5 percent year on year and 0. 5 percent month on month.

Moroccan inflation in July reached 7.7 percent due to rising food prices.

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