Cambodian consumer inflation rises 2.5% in H1

Cambodia registered a remarkably sound consumer inflation rate of 2.5 per cent in the first half (H1) of this year by virtue of the slow rise in food prices, slipping petrol rates and stabilisation of local currency against the US dollar, the National Bank of Cambodia (NBC) said in its semi-annual report.

The central bank said the increase in prices for foodstuffs was driven down to four per cent from the beginning of the year by Covid-19 disruptions to goods transport.

With the unforeseen plunge in global oil prices in mid-January weighing heavily on the market, petrol-related goods and services saw a 3.5 per cent deflation over the first half, it said. Retail petrol price slid to 2,950 riel ($0.72) per litre from 3,650 in the second half of last year.

In full: https://www.thestar.com.my/aseanplus/aseanplus-news/2020/07/12/cambodian-consumer-inflation-rises-25-in-h1

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