[PHNOM PENH POST]
Cambodia's consumer price index rose 5 percent year-on-year through
June, official data from National Institute of Statistics showed.
However, experts remained positive despite rising costs, saying the
increase was due to the Kingdom’s improving economy and surging global
fuel prices. “We are not concerned. It is manageable as what we
expected,’ said Chan Sophal, president of the Cambodian Economic
Association. “Whenever the country’s economy is growing, it will push
the price of goods up. That is why we see product price at advanced
economic countries are high,” he added. The official data showed price
gains in food and non-alcoholic beverages; alcoholic beverages, clothing
and footwear, housing, electricity, gas and other fuels, among other
sectors.
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