Lok Savun,
I know.
Cambodian government has never been honest to Cambodian people. It never
takes any responsibility. People are kept in the dark for its political agenda.
Here is the CPI in Thailand...Maybe Cambodia compares its inflation rate to
Burma or Vietnam...
Take care.
Virak
=====
Thailand's Consumer Price Index drops sharply in August
BANGKOK, Sept 1 (TNA) – Thailand's consumer price index dropped sharply in
August due to the continued decline in global oil prices and the six
state-initiated relief measures to be applied for six months, according to
Permanent
Secretary for Commerce Siripol Yodmuangcharoen.
Mr. Siripol revealed that the general inflation rate in August fell by 3 per
cent from the previous month and 6.4 per cent from the same month last year,
while the average inflation rate in the first 8 months of this year grew 6.7
per cent.
The significant drop in the inflation rate stemmed from the continued
decline in the global oil prices to US$113 from $125 per barrel, the six
measures
for six months initiated by the government to ease living costs of the public,
and the ministry's consistent supervision of the prices of consumer goods.
Mr. Siripol said the ministry had not yet revised its projection of the
inflation rate at 5-5.5 per cent on the assumption that the baht stays at
32-33
per dollar and the oil price averages $105 per barrel, although the fuel price
has remained at $113-115 on average and the baht currently at 34 per dollar.
Should the inflation rate average 6.5 per cent or up in the remaining four
months of this year, he said, it is likely that inflation would stay at
6.5-6.9 per cent for the whole year.
Even so, the ministry would need to see whether the oil price and the
exchange rate would remain volatile before making a decision to revise the
inflation projection at the end of the third quarter.
He conceded although inflation dropped in August, consumer prices in the
food and beverage sector might increase seasonally.
So, the ministry would monitor inflation in September, especially because
expressway fees and bus fares had increased.
However, he predicted that the average inflation rate in September would
stay at 6.5 per cent or up.
Mr. Siripol also revealed the core inflation rate in August dropped by 0.9
per cent from the previous month, but increased by 2.7 per cent from the same
month last year. The average inflation in the first eight months rose by 2.4
per cent. (TNA)
In a message dated 9/9/2008 5:47:06 P.M. Eastern Daylight Time,
[EMAIL PROTECTED] writes:
Lok Virak,
The inflation in Cambodia has nothing to do with the U.S. The news shows,
irresponsible of Cambodian Government and its officials. It is the blame
games.
Savun
--- On Tue, 9/9/08, [EMAIL PROTECTED] <[EMAIL PROTECTED]> wrote:
From: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Subject: Cambodia's inflation hits record 22 percent-- blame the US
To: [email protected]
Date: Tuesday, September 9, 2008, 8:56 AM
Cambodia's inflation hits record 22 percent
8 hours ago
PHNOM PENH (AFP) — Cambodia's inflation hit a record high of 22 percent in
July, a government minister said Tuesday.
Planning Minister Chhay Than said high global prices of oil and food were to
blame for the soaring rate.
"For July, the inflation rate was 22 percent. We can say that this is a
record high," Chhay Than told AFP.
"The inflation is caused by outside factors... the prices of oil, fuel and
foods... the slowdown in the US economy," he said.
"But if we compare with some neighbouring countries, it is not so high,"
Chhay Than added.
The last published consumer price index (CPI) for January showed that
inflation had reached 18.7 percent.
The government then stopped releasing monthly CPI reports in a move widely
seen as an effort to hide spiralling consumer costs ahead of July elections,
in which Prime Minister Hun Sen's ruling party stormed to victory.
Officials denied that claim, saying there had been a disagreement over how
to calculate the figure.
The government has now said it will resume publication of inflation figures
later this week.
Cambodia in May doubled reserve requirements for private banks from 8.0
percent to 16.0 percent in a bid to curb money supply and stem rising
inflation.
The requirements took effect from July.
____________________________________
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