Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Consumer Price Index sees stable inflation

Consumer Price Index sees stable inflation

Consumer Price Index sees stable inflation

INFLATION remained near its lowest level this year in August as the National Bank of Cambodia’s measures to stabilise the riel took effect.

The Consumer Price Index rose slightly to an annual 1.8 percent in August, a slight increase on the year’s low of 1.6 percent in July, but still far below the 5.3 to 7.3 percent rates of the year’s first four months, according to National Institute of Statistics data released yesterday.

Kang Chandararot, president of Cambodia Institute for Development Study, said yesterday: “The good [stable] rate of inflation is due to the measures of the National Bank of Cambodia in stabilising the riel currency.

“We expect that the inflation rate will be stable throughout this year.”

So far this year, the NBC has bought US$48 million worth of riels on the foreign exchange market to stop the riel from depreciating too quickly.

The NIS report highlighted that the highest percentage increases among consumer goods were natural gas, sugar, jam, honey, chocolate and confectionery, and petrol prices, which respectively increased by 31.4 percent, 18.9 percent and 10.6 percent.

The International Monetary Fund forecast Friday that inflation would be 4 percent this year.

It is currently averaging 4.59 percent for the first eight months.

The index is made up of 259 items tracked in five different Phnom Penh markets.


  • Professor beaten by mob in Phnom Penh after alleged hit-and-run

    Updated with new information: 6:44am, Tuesday March 13 2018 A university professor accused of a hit-and-run has been transported to Vietnam with serious head injuries after he was brutally beaten by a mob in Phnom Penh late Sunday afternoon. A video of the attack shows a group

  • American ‘fugitive’ arrested in Cambodia outside of US Embassy

    An American citizen was arrested on request by the US Embassy in Phnom Penh on Tuesday, according to Cambodian police. Major General Uk Hei Sela, chief of investigations at the Department of Immigration, identified the man as American Jan Sterling Hagen, and said he was

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of