Morocco consumer prices edge down 0.1% in July

Morrocco’s High Commission for Planning (HCP) posted official figures for July that show a 0.1% decline in the Consumer Price Index (CPI) compared to June, largely due to cheaper food items. Food prices, the HCP noted, dropped by 0.5%, driven mainly by a sharp fall in vegetable costs of 4.7%. Fruits also slipped by 0.9%, while oils, cereals, and meat recorded smaller decreases. The report however showed a mixed outlook for Moroccan households, who while paying less for fresh produce, continue to face higher costs on fuel, dairy, and luxury services.