RABAT (Reuters) – Morocco’s consumer price index rose by 8% year-on-year in August driven by food and transport costs, the Moroccan statistics agency (HCP) said on Wednesday.
Food prices rose by 14.1% while non-food inflation increased by 4% due in particular to a surge in transport prices to 12.8%.
On a month-on-month basis, the index rose by 0.3%.
Core CPI, which excludes goods subject to price volatility, increased 6.6% year-on-year and 0.3% month-on-month.
(Reporting by Ahmed Eljechtimi; Editing by Andrew Cawthorne)
