Cambodia inflation down for sixth consecutive month
PHNOM PENH, Sept. 15 (Xinhua) -- The price of consumer goods dropped in August by 2.9 percent compared to the same month last year, marking the sixth consecutive month that inflation decreased compared to figures from last year, local media reported on Tuesday, citing the August Consumer Price Index.
The reduction in prices follows record-high inflation that reached a peak of 25.7 percent in May 2008, the local English newspaper the Cambodia Daily reported.
The figures released Monday show that in June inflation was in negative territory at minus 5.7 percent compared to the same month last year, and in July it fell to minus 3.9 percent, according to the CPI, which is published by the Planning Ministry's National Institute of Statistics.
PHNOM PENH, Sept. 15 (Xinhua) -- The price of consumer goods dropped in August by 2.9 percent compared to the same month last year, marking the sixth consecutive month that inflation decreased compared to figures from last year, local media reported on Tuesday, citing the August Consumer Price Index.
The reduction in prices follows record-high inflation that reached a peak of 25.7 percent in May 2008, the local English newspaper the Cambodia Daily reported.
The figures released Monday show that in June inflation was in negative territory at minus 5.7 percent compared to the same month last year, and in July it fell to minus 3.9 percent, according to the CPI, which is published by the Planning Ministry's National Institute of Statistics.
0 comments:
Post a Comment