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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.

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