July’s inflation driven by high food prices
Fueled by a rise in food prices, inflation reached 7.1 percent in July compared to the same month last year, according to data released by the National Institute of Statistics… According to the data, the price of meat increased by 16.4 percent in July compared to the same month in 2010. Pork prices increased by 20.7 percent, while beef and chicken prices grew 13.2 and 7 percent respectively. Gasoline prices rose by 19.7 percent over the same period… (Philip Heijmans and Nhem Srey Roth)
