Kingdom inflation rises on oil prices
Inflation in Cambodia rose 5.8 per cent year-on-year in January, according to figures from the National Institute of Statistics. Rising fuel costs had spurred the inflation, which was felt largely in the price of food, officials said. Data showed food and non-alcoholic beverage prices in January increased by 7.7 per cent compared to a year earlier. The price of some items, such as beef and port wine, increased by as much as 17.5 and 20.3 per cent respectively, and the cost of vegetables rose nearly 10 per cent. Chheng Kimlong, an economics and business lecturer at the University of Cambodia, said the Chinese and Vietnamese New Year celebrations in January had led to increased demand. …
