Inflation Hits 7.1 Percent in June, Officials Say
Inflation reached 7.1 percent in June compared to the same month last year as consumer prices continued to rise in Cambodia, an official at the Ministry for Planning said yesterday. The release of the inflation figure comes after officials and the ministry said earlier this month that data on consumer prices had been delayed due to problems with the ministry’s computer systems. The government last suspended the monthly inflation report for six months in March 2008 after it showed an inflation rate of 18.7 percent from January 2007 to January 2008. The last time year-on-year inflation moved above 7 percent was in February 2010, when inflation was recorded at 7.3 percent. Year-on-year inflation in May was recorded at 6.5 percent. Though the consumer price index has yet to be published by the Ministry of Planning, economists say policymakers should start identifying the causes of rising prices and take action to curb its effects.
