Souce:Xinhua
Publish By Jane B. Hatcher
Updated 20/01/2013
PHNOM PENH, Jan. 19 — Cambodia’s inflation rate decelerated to 3
percent last year, down from 4.9 percent in a year earlier, Governor of
the National Bank of Cambodia (NBC) Chea Chanto said Saturday.
“This is a remarkable drop and the 3-percent rate last year is low
and controllable,” he said in a speech during the annual NBC conference,
adding that last year, Cambodian riel currency against U.S. greenback
had appreciated about 1.7 percent.
The country’s gross official reserves have continued their steady
rise to 3.7 billion U.S. dollars by December last year, said the
governor.
Last year’s lower inflation rate was thanks to stable prices of food.
However, gasoline price remains high. On Saturday, a liter of gasoline
is 1.36 U.S. dollars.
The Asian Development Bank and the International Monetary Fund
predicted in October that the country’s inflation was 3 percent and 3.5
percent respectively in 2012 due to moderate price increases for food
and fuel.
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