Meals costs carry Morocco’s shopper value index to eight.2 pct y/y in March

Meals costs rose by 16.1 % from a yr earlier whereas non-food inflation elevated by 3 %. On a month-on-month foundation, the index rose by 0.1 %.

Core CPI, which excludes items topic to cost volatility, in-creased 8.1 % year-on-year and 0.1 % month-on-month.

Larger meals costs triggered authorities restrictions on the export of some greens to European and African markets to scale back costs at dwelling.

Final week, the federal government scrapped the value-added tax on agricultural inputs to assist decrease costs of recent produce and
different agrifood merchandise.

Morocco has additionally been importing beef cattle from Brazil since March after it lifted the import obligation to scale back meat costs.