Logo of Phnom Penh Post newspaper Phnom Penh Post - Small rise in Kingdom’s February inflation

Small rise in Kingdom’s February inflation

Small rise in Kingdom’s February inflation

Cambodia saw a 1.7 per cent rise in inflation in February compared with the same month the previous year. Prices of food and fuel rose, according to official data from the National Institute of Statistics (NIS).

“The increase for all index group of a 1.7 per cent rate of inflation in February 2013 was due to the sub-groups such as food and non-alcoholic beverages; clothing and footwear; housing; water, electricity, gas and other fuels; recreation and culture; and restaurants,” NIS said.

Sim Ly, an official with NIS, said the fluctuation of petrol and food prices was the main driver of the rise in inflation.

“I noticed that the prices of gasoline, foods, some other consumer products and vegetables were a bit up in February, so it pushed our price index up a bit. And, another thing, the celebration of Chinese New Year was also a contributor,” Ly told the Post yesterday.

NIS data showed an increase in food and non-alcoholic beverage prices of two per cent – mainly due to a rise in beef prices, which increased by 14.9 per cent.

Fish and seafood prices went up by 1.7 per cent and vegetables by 5.8 per cent.

The price of clothing and footwear increased by 3.7 per cent; housing, water, electricity gas and other fuels increased by 1.8 per cent; and petrol went up by around 1.5 per cent, the data showed.

In the month of January, inflation was up just 0.3 per cent.

The government projects the inflation rate to be within four per cent this year, while the IMF projects that it will be at 3.1 per cent.

MOST VIEWED

  • Prince injured, wife dies after accident

    THE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec

  • Guards protest dismissals, reject claims of sharing naked photos of child

    Some 20 former security guards at the US Embassy in Phnom Penh protested on Tuesday against their dismissal. They accused their employers of falsely claiming they had viewed and shared child pornography from their mobile phones as grounds for their termination. In total, 32 personnel were dismissed

  • We’re going to Wisney World!

    More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday. The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International and

  • Funcinpec urges probe into deadly Preah Sihanouk accident

    THE Funcinpec party has urged the government, especially the Ministry of Interior, to investigate the traffic accident in Preah Sihanouk province which left Prince Norodom Ranariddh badly injured and his wife Ouk Phalla dead. Funcinpec Vice President You Hokry told reporters at Botum Votey pagoda,