Home / Finance & Economy / Inflation rate of 1.1% recorded in October 2018

Inflation rate of 1.1% recorded in October 2018

According to official data from the Central Bank of Morocco, inflation stands at 1.1% year-on-year at 31 October 2018, and thus remains unchanged compared to the rate recorded in September.

“The decline in prices of volatile food products rose to 3.7% after 3.5% while the rate of increase in fuel and lubricant prices accelerated from 7.4% to 8.1%. %. For their shares, tariffs for regulated products continued to grow at the same pace observed in September, a rate of 2.7%. Excluding these products, underlying inflation stood at 1.2% after 1.4%, “says the central bank.

Moreover, she says, the price index recorded a monthly fall of 0.1% in October 2018 according to the High Commissioner for Planning. An evolution attributed by the institution “exclusively to the decline in prices of volatile food products by 1.7% in relation to the fall in prices of fresh fruits and fresh fish of 5.7% and 3.2% respectively” .

On the other hand, tariffs for regulated products rose by 0.1% as a result of the rise in medical services tariffs and fuel and lubricant prices rose by 1.5%, with stability noted on the indicator side of the index. underlying inflation.

Check Also

Nexans inaugurates a new factory in Morocco

The Nexans Group inaugurated, this Tuesday in Nouaceur, a new factory for the Telecom Systems …

Leave a Reply