Morocco says inflation drops to 1 pct in August

Morocco's consumer price inflation eased to an annual 1 percent in August from 1.7 per cent in July, the country's planning authority said on Thursday.

Food prices rose by an annual 1.5 per cent by end-August while they were up 3.1 per cent in July, the High Planning authority said.

Month on month, overall consumer price inflation was 0.7 per cent after a 1.4 per cent rise in food prices between July and August.