Morocco's inflation slows to 2.5% in March
2007-04-30
Morocco's consumer price inflation slowed to 2.5% year-on-year in March, after stabilizing at 2.7% in January and February, local press reports. The deceleration has been attributed to declining international oil prices and subsequent savings in the transportation industry. Slowing inflation was also recorded in the manufacturing and equipment sector. The price changes in these groups managed to offset accelerating inflation of food products, whose prices rose by 3.8% in March due to weak harvests caused by drought.
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