Inflation slows to 0.7 percent in August

INFLATION in Cambodia continued to slow in August as the consumer price index (CPI) rose just 0.7 percent on the previous month, according to official figures obtained Tuesday.

The CPI data for August compares with a 1.5 percent rise in CPI from June to July and a 1.8 percent increase from May to June, suggesting that inflationary pressure in the Cambodian economy is waning. August saw a 2.9 percent fall in prices year on year compared with the same month in 2008, when inflation was running at more than 20 percent, marking the sixth consecutive month of annualised deflation.

“Cambodia will experience a year of deflation in 2009, in stark contrast to the record pace of inflation of 25 percent that was recorded in 2008,” the London-based Economist Intelligence Unit (EIU) said in its September outlook for Cambodia. Click to read more...