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 […]
PHNOM PENH (Reuters) - The price of rat meat has quadrupled in Cambodia this year as inflation has put other meat beyond the reach of poor people, officials said on Wednesday.
With consumer price inflation at 37 percent according to the latest central bank estimate, demand has pushed a kilogram of rat meat up to […]
Fuel price does not discourage the demand of motorcycles in Cambodia. Theoretically, the higher the price, the lower the demand. But the demand for motorcycle does not depend on the higher price of fuel because it is an inelastic demand. In the short run, it is not expected that motorcycle consumers will reduce their demand. […]
Do you believe the real estate price will rise after the July national election? Today, people are hesitate to buy houses and land. Land sale and buying action is more active compared to house business transaction. The silence of this booming business in Cambodia in this few recent years has made people, analysts and traders […]
Cambodia is an agricultural country where about 85% of its population is farmers. They produce rice paddy and they have staples in their stocks. Base on this, it means that Cambodian farmers would not face problems with shortage of rice. However, more or less, they meet problems with high price of food commodities, including rice. […]
Inflation has been becoming an important topic among Cambodians, particularly politicians who are trying to attract audiences, saying voters, to support them in the upcoming election scheduled 27 July 2008. People complaint about high price of necessary goods such as rice, gas, fuel, and food that is affecting their daily lives. As it is a […]
In this Khmer New Year, I went to Siem Reap province. Along the road, I saw that people went to their home land. Some took taxi, which normally charges high price, almost double. Those who are poor could not have enough money to pay the taxi fees and thus they have to do whatever they […]
Rice price has been increasing and now decrease after government intervention. The government as declared by Prime Minister Hun Sen ban rice export to neighboring countries and order Ministry of Commerce to release its rice reserve into the market. This is an important step to increase supply aiming to compensate the high demand of rice.
The […]
Recent days, there are many articles and discussion about the high price of rice. As said in an article by Mr. Morn Vutha in his blog www.vuthasurf.com the price of rice has been increasing 20%. To my understanding it is the high inflation which the government shall take firm actions.
The high price of rice is […]
I think you all may be aware that now people tend to use luxurious goods, especially those who are from middle class. This is seen as different from ten years ago which Cambodian people had television, radio, etc. as luxurious goods. Now, these goods are necessity goods as even at rural areas they have TV […]
