Inflation Rate at 4.2% to October

10 December 2013
The Cambodia Herald
Economic policy and administration / Economy and commerce / Government / Social development / Taxation / The poor
National Institute of Statistics

Cambodia’s inflation rate increased by 4.2 percent in the 12-month period to October, with food prices accounting for more than half of the rate, according to data released Monday by the National Institute of Statistics. The monthly inflation rate grew from 3.4 percent in August to 3.9 percent in September. Data for the month of October is the most recent available. Neou Seiha, an independent economic analyst, said recent floods and stricter tax collection has driven up the price of food, particularly vegetables, but that the rate was manageable. … But Mr. Seiha stressed that the government should be wary of rising inflation, which should ideally remain at less than 5 percent to reduce the burden on low-income consumers. “The government has to be careful not to let the rate grow over 5 percent. It would be better if inflation can be kept at just 3 percent,” he said.

 Hul Reaksmey
http://www.cambodiadaily.com/business/inflation-rate-at-4-2-to-october-48977/