Morocco's annual inflation, measured by the consumer price index, rose to 0.9% in March from -0.6% a month earlier, the statistics agency said on Wednesday.
Food prices, the main driver of inflation, rose 0.6% from a year earlier, while non-food inflation increased 1.1%.
Core inflation, which excludes more volatile goods, rose 0.6% year-on-year and 0.1% month-on-month.
The rise in fuel prices following the Iran conflict led the Moroccan government to reintroduce subsidies for professional transporters, including taxis, buses and trucks, to keep prices stable.
Fuel subsidies, along with aid to keep electricity and cooking gas prices stable, would cost the government 1.6-billion dirhams monthly, the minister in charge of the budget, Fouzi Lekjaa, said.
EMAIL THIS ARTICLE SAVE THIS ARTICLE FEEDBACK
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
