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

  • Archeologists find ancient phallic statue

    An archeological team has found a metre-long tipless stone linga (penis) of the Hindu deity Shiva in the foundations of a temple in Kratie province’s historical Samphu Borak area, a former capital of the pre-Angkor Empire Chenla period. Thuy Chanthourn, the deputy director of

  • Man arrested for fake PM endorsement

    The owner of currency exchange company GCG Asia Co Ltd was temporarily detained by the court yesterday for attempted fraud after Prime Minister Hun Sen reacted to the company using his name and pictures to allege his endorsement of the firm. Phnom Penh Municipal Court

  • Sihanoukville authority orders structure dismantled

    The Preah Sihanouk provincial administration has ordered owners of two unauthorised construction sites to immediately dismantle them and warned of legal action if the owners failed to comply. Ly Chet Niyom, development management and construction bureau chief at the provincial hall, told The Post on

  • Police seek arrest of Chinese ‘gang’

    Cambodian police remain on the lookout for 20 Chinese nationals who earlier this month posted a video clip threatening to stoke insecurity in Preah Sihanouk province, though the Chinese Embassy in Phnom Penh maintained the group posed no threats to Cambodia’s national security. National Police