Inflation is getting higher in Cambodia and if it's not stabilized, the double digit economic growth rate is false hope and propaganda scheme
- From: Chim <ChimS1@xxxxxxx>
- Date: Sat, 27 Oct 2007 08:15:38 -0700
Acceleration of inflation (2)
Retail prices have sharply increased in Cambodia over the last three
months. The following are today prices for staples sold at big markets
in Phnom Penh (compared to their levels in July this year):
- Rice (1 kg, average quality): 1,800 Riels (versus 1,500 Riels): +
20%
- River fish (1 kg, trei ros): 17,000 Riels (versus 13,000 Riels): +
30%
- Pork (1 kg, breast): 12,000 Riels (versus 10,000 Riels): + 20%
- Pork (1 kg, pure meat): 15,000 Riels (versus 12,000 Riels): + 25%
- Beef (1kg): 17,000 Riels (versus 13,000 Riels): + 30%
- Cabbage (1 kg): 3,000 Riels (versus 2,500 Riels): + 20%.
This acceleration of inflation is largely due to a recent and
uncontrolled increase in the emission of bank notes (paper money) by
the Central Bank of Cambodia to pay for the recent and ongoing
election campaigns by the CPP.
.
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