Food prices rose by 20.1% while non-food inflation increased
by 3.6%. On a month-on-month basis, the index rose by 1.7%.
Core CPI, which excludes goods subject to price volatility,
increased 8.5% year-on-year and 0.8% month-on-month.
Earlier in the day, the central bank said it raised its
benchmark interest rate by 50 basis points to 3% to tame
inflation.
(Reporting by Ahmed Eljechtimi; Editing by Jacqueline Wong)
RABAT, March 22 (Reuters) - Morocco's consumer price
index (CPI) in February rose by 10.1% from a year earlier as
food prices soared, the statistics agency HCP said late on
Tuesday.
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