Morocco's Q2 2024 inflation drops to 0.7%, nearly halved
According to the Haut-Commissariat au Plan (HCP), inflation, as measured by the consumer price index, fell by almost half in the second quarter of 2024 compared with the first quarter, dropping to 0.7% from 1.2%.
This decline was driven by a 0.5% fall in food prices, while non-food prices accelerated by 1.5%, following a 0.9% increase in the first quarter, according to the HCP's second-quarter 2024 business review and third-quarter 2024 outlook.
Underlying inflation, which excludes prices set