Logo of Phnom Penh Post newspaper Phnom Penh Post - Consumer price index climbs on food and fuel

Consumer price index climbs on food and fuel

Consumer price index climbs on food and fuel

Cambodia's consumer price index (CPI) increased slightly year-on-year in July by 1.3 per cent, which was driven by increased food and fuel prices, according official data from the National Institute of Statistics (NIS).

"The increase for all index groups was 1.3 per cent of inflation in July 2012 was due to sub-groups such as food and non-alcoholic beverages; clothing and footwear; housing, water, electricity gas and other fuels; furnishing, household maintenances; restaurants and miscellaneous goods and services," said the report.

Kin Pisey, a senior researcher for Cambodia Economic Institute, told the Post previously that the stabilisation of Cambodia's inflation rate was a result of the country's production base improving as well as the government trying to keep the exchange rate stable.

At the same time, he said, though the country is still mainly importing to fulfill domestic demand the rate is still low because the inflation rates of the countries Cambodia imports from are very low.

The result is that Cambodia suffers no ill effects, he added.

According to the NIS's data the price of food and non-alcoholic beverages went up by 1.2 per cent.

Rice, for example, was up by 5.3 per cent; beef increased 12.8 per cent; cooking oil and fats went up 6 per cent; vegetables increase by 11.3 per cent; fruit was up by 5.4 per cent; clothing and footwear went up by 4.8 per cent; other fuels and gas went up by 1.3 per cent. Inflation between July 2011 to June 2012 was unchanged, according to the report.

It was steady at 0.01 per cent, with a slight increase in the price of rice by 0.8 per cent; fish and seafood went up by 0.7 per cent; gasoline went up by 2.9 per cent; meat decreased by 0.6 per cent; fruit decreased by 1.4 per cent; vegetable decreased by 1.4 per cent; natural gas went down by 2.3 per cent; and food went down by 0.2 per cent over all.

Kin Song, deputy director general of the NIS, could not be reached for comment.

To contact the reporter on this story: May Kunmakara at [email protected]

MOST VIEWED

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM takes time to meet, greet Cambodians living in the US

    After landing in the US ahead of the ASEAN-US Special Summit, Prime Minister Hun Sen was received by over 1,000 Cambodian-Americans including political analysts who welcomed him with greetings, fist bumps and selfies. Hun Sen also met with analyst Mak Hoeun, who had allegedly spoken ill

  • Khmer cinema classics back on big screen for free at WB Arena’s outdoor movies series

    On a recent Saturday evening at WB Arena, Bunsong was enjoying a tasty BBQ meal with his family after work on the long tables that had been arranged out in front of the restaurant as they watched a Khmer action movie on a big outdoor

  • PM heads to Washington for ASEAN-US special summit

    Regional and international issues and how to bring the ASEAN-US partnership to another level will be discussed at length as Prime Minister Hun Sen and his ministers arrive in Washington, DC, for a special summit on May 12-13. During the trip, Hun Sen and ASEAN

  • National Assembly refutes EU resolution

    The National Assembly (NA) has hit back at a European Parliament resolution condemning the political and human rights situation in Cambodia, calling it another display of the Parliament’s “double standards”. Key points of the resolution include a warning that the Parliament could exclude the