Logo of Phnom Penh Post newspaper Phnom Penh Post - Prices rise, but economists upbeat

Prices rise, but economists upbeat

Prices rise, but economists upbeat

Cambodia's consumer price index rose 5 percent year-on-year through June, official data from National Institute of Statistics showed. However, experts remained positive despite rising costs, saying the increase was due to the Kingdom’s improving economy and surging global fuel prices. “We are not concerned. It is manageable as what we expected,’ said Chan Sophal, president of the Cambodian Economic Association. “Whenever the country’s economy is growing, it will push the price of goods up. That is why we see product price at advanced economic countries are high,” he added. The official data showed price gains in food and non-alcoholic beverages; alcoholic beverages, clothing and footwear, housing, electricity, gas and other fuels, among other sectors.

MOST VIEWED

  • Ministers to tackle sea pollutants

    Preah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s

  • Negotiations on EBA being held

    In an effort to defuse tensions, a senior government official said Cambodia is negotiating with the European Union (EU) on the Everything But Arms (EBA) trade deal, which allows the Kingdom to export goods to the 28-member bloc tariff-free. The EU notified Cambodia on October 5

  • Chinese police escort deported scam suspects

    Ninety-one Chinese nationals accused of extorting money from victims in a Voice over Internet Protocol (VoIP) scam were deported from Phnom Penh International Airport on Monday under the escort of 182 Chinese police personnel. General Department of Immigration head of investigations Ouk Hay Seila told reporters

  • ‘Do not harm Cambodians’, says PM’s son to opposition

    Prime Minister Hun Sen’s eldest son Hun Manet said on Sunday that the Kingdom would not bow to international pressure, and accused some Western countries of siding with opposition politicians who hold dual citizenship to exert pressure on Cambodia. The remarks were made after