Inflation Falls on Lower Gas, Food Prices
Consumer prices in Phnom Penh grew just 1.8 percent year-on-year in the month of June, the lowest increase in almost two years, as food and gas prices remained stable, according to figures released yesterday by the Ministry of Planning. In its monthly inflation report, the ministry said that the price of gas dropped 2.7 percent in June compared to the same month in 2011, while the commodity dropped 6.3 percent from May to June. Food and non-alcoholic beverage prices increased by just 2.3 percent over the 12-month period. Rice increased 4.4 percent year-to-year, while milk, cheese and eggs increased by 4.1 percent. The price of meat increased 2.5 percent over the same period. …
