Many Cambodians are feeling the effects of rising food and fuel prices, especially those who spend a big amount of their income on food and fuel.
According to the data from National Institute of Statistics (NIS), the total consumer prices increased by 4.9 percent from December 2010 to December 2011. Food and non-alcoholic beverages increased by 6.2 percent. It also showed that the price of meat increased by 17.4 percent. The main increase in the meat group was due to an increase the price of pork, which jumped by 22.7 percent. The price of beef rose by 16.2 percent and the price of duck increased by 7.9 percent. Moreover, the price of gasoline increased 11 percent and the price of diesel jumped by 15.4 percent.
More specifically, the main price increases occurred in food and nonalcoholic beverages, clothing and footwear, housing, water, electricity, gas and other fuels, furnishing, household maintenance, transportation, restaurants and miscellaneous goods and services.
A World Bank report from late November, East and Pacific Economic Update 2011, said that the consumer price inflation rose 6.7 percent in September 2011 from a year earlier with a nearly half of the increase attributed to food alone and the inflation rate fell slightly from 7.1 June 2011.
For more information, please visit http://www.etmcambodia.com/blog.php?article=178
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