Moroccos CPI rises to 0.7% y/y in June planning agency

RABAT - Morocco’s consumer price inflation rose to 0.7% year-on-year in June from 0.2% in May, the high commission for planning said on Wednesday.

On a month-on-month basis, inflation dropped to 0.3% on the back of 1.3% decrease in food prices.

Core inflation, which excludes prices of volatile goods, was 0.2% month-on-month and 0.7% year-on-year.

(Reporting by Ahmed Eljechtimi; Editing by Toby Chopra) ((ahmed.eljechtimi@thomsonreuters.com;))