Morocco’s inflation eases to 0.4% in May as cost of living declines
Morocco’s consumer price index (CPI) dropped by 0.4% in May compared to the previous month, according to a note released Thursday by the High Commission for Planning (HCP).
The decline was driven by a 0.8% decrease in food prices and a 0.1% drop in non-food prices. Major contributors included lower prices for vegetables (-2.1%), fish and seafood (-1.7%), meat (-1.5%), dairy products (-1.0%), and slight drops in bread, cereals, oils, and fruits (-0.3%). In contrast, coffee, tea, and cocoa