Cambodia’s inflation to hit 6 pct due to soaring oil, food prices: UN survey

The inflation rate in Cambodia for 2011 could rise to 6 percent, up from 4.1 percent last year due to the increasing prices of food, oil and a weaker U.S. dollar currency, said the United Nations in its economic
and social survey of Asia and the Pacific 2011. The UN’s infl ation forecast is still lower than that of 6.5
percent by the International  Monetary Fund, but higher than the World Bank forecast at 5 percent, the Asian
Development Bank at 5.5 percent and the government of Cambodia at below 5 percent. Petroleum prices in Cambodia have increased by 11 percent since the start of the year.

Read More in Cambodia Insight Website on Issue 7 Page 17.