Cambodia’s inflation rate fell to 3 per cent in 2012
Cambodia’s inflation rate fell to an annual three per cent last year, down from 4.9 per cent a year earlier, according to data from the National Bank of Cambodia released in late January. Chea Chanto, the bank’s governor, told an annual meeting in late January that Cambodia’s economy had performed very well last year because of controlled exchange rates and prices of food and goods. … “The stability of food prices and the riel currency is a big contribution to the economy,” Chanto said. … “We have really stable prices for food and meat, as we can produce more — that’s why the inflation rate is really low, and we have no concern because it is manageable,” he told the Post, adding that the price of food had dropped from the second quarter of last year. Chanto said the Kingdom’s currency had appreciated about 1.7 per cent against the greenback compared with 2011 and the gross official reserve had reached $3.7 billion, which could insure imports for about four and a half months. …
