By A.L.G.
Cambodge Soir Hebdo in English
Click here to read the article in French
According to an independent survey, the importance of food products and fuel in the household consumption has been underestimated.
The price of rice has doubled over one year. In one year, the price of rice has doubled and the one of fuel has increased with 50%, indicates a survey of the Cambodia Development Resource Institute (CDRI), published on Thursday 25 September. According to the CDRI, the inflation exceeds the official number of 22.3% which was announced for the period between July 2007 and July 2008.
This number, based on a basket composed of 227 consumption goods, doesn’t give enough importance to food products, which represent 70% of the expenses for 40% of the population. In order to cope with this price increase, the poorer have bought lower quality rice, with a price increase from 1000 riel to 2000 riel per kilogram, while the traditional rice increased from 2000 riel to 4000 riel per kilogram.
Other food products with the highest increase between May 2007 and May 2008 are pork (between 50 and 70%), poultry (+54%) and beef (+16%).
The price increase of fuel and labour has resulted in higher production costs. Gasoline increased with 50%, diesel with 80%, fertilizers between 80 and 200% and one day of labour between 40 and 50%, particularly on the field of agriculture.
Amongst the sectors most hit by inflation: the food products and tobacco (36.8% on average), transport and communication services (27.1%), and medical care (16.2%).
The areas suffering from the highest inflation are the regions of the Tonlé Sap, in the provinces of Siem Reap, Kampong Thom and Kampong Chhnang. 37% of the households might face scarcity.
Over short term, the CDRI recommends that the country increases its food reserves in order to limit the impact of food price fluctuations. The Institute mentions that rice imports which aren’t registered through customs are an obstacle for the evaluation of cereal stocks.
Over mid-term, the independent Institute believes that it’s essential to invest in agriculture in order to ensure food self-sufficiency in Cambodia.
The price of rice has doubled over one year. In one year, the price of rice has doubled and the one of fuel has increased with 50%, indicates a survey of the Cambodia Development Resource Institute (CDRI), published on Thursday 25 September. According to the CDRI, the inflation exceeds the official number of 22.3% which was announced for the period between July 2007 and July 2008.
This number, based on a basket composed of 227 consumption goods, doesn’t give enough importance to food products, which represent 70% of the expenses for 40% of the population. In order to cope with this price increase, the poorer have bought lower quality rice, with a price increase from 1000 riel to 2000 riel per kilogram, while the traditional rice increased from 2000 riel to 4000 riel per kilogram.
Other food products with the highest increase between May 2007 and May 2008 are pork (between 50 and 70%), poultry (+54%) and beef (+16%).
The price increase of fuel and labour has resulted in higher production costs. Gasoline increased with 50%, diesel with 80%, fertilizers between 80 and 200% and one day of labour between 40 and 50%, particularly on the field of agriculture.
Amongst the sectors most hit by inflation: the food products and tobacco (36.8% on average), transport and communication services (27.1%), and medical care (16.2%).
The areas suffering from the highest inflation are the regions of the Tonlé Sap, in the provinces of Siem Reap, Kampong Thom and Kampong Chhnang. 37% of the households might face scarcity.
Over short term, the CDRI recommends that the country increases its food reserves in order to limit the impact of food price fluctuations. The Institute mentions that rice imports which aren’t registered through customs are an obstacle for the evaluation of cereal stocks.
Over mid-term, the independent Institute believes that it’s essential to invest in agriculture in order to ensure food self-sufficiency in Cambodia.
11 comments:
ALG is retarded. High inflation is a global issue, and no one had solved it yet. When they do, we'll do the same. Therefore, right now, we'll sit back, relax, and watch what other people do.
Let's say inflation is global, nonetheless 22.3% in Cambodia is unbearable and irresponsible of the Cambodian economic leaders. However, I can tell you this: if the inflation rate hits this high in the United States, I have no doubt that the economic leaders will be spending their time to explain to the American public, and many of these leaders will lose their jobs due to their irresponsibility.
Further, when it comes to inflationary game, here Cambodia is drastically different from the United States. Suffice to say, at least the American people do not have to supplement their dairy food for rat or dog meat, as opposed to their Cambodia counterpart.
Don't expect the CPP to reduce inflation (with senators like the viet Sok Anh a professional cock fighter, the other viet Chhor Prasid no idea what is economy etc.)
Instead they are diverting the public attention to stuff like regulating the NGOs or building chasing after land forgery.
I don't know why the CPP do all this, the public is not expecting anything from you anyway. So keep doing what you do best "THE BIG NOTHING".
PS: Omtieng the natural born asshole (human right advisor for the CPP).
Please LOL with me.
1:32 PM
Usually government of a country do not sit back and relax or watch the world go by (I don't really give a shit if you do that with your life).
The CPP don't even mention the word inflation since their new term.
Instead whoever that criticize them will be shot or go to jail.
But if you were to send them to jail for corruption and treason there would be nobody left in the CPP.
So keep doing the big talk about shit that nobody care and most importantly keep doing the big nothing.
Just sit back, relax and watch the other people do.
LOL , Has Has Has .. HEs hes hes , all khmer leader are stupit uneducated , how can they do any thinking of making the country getting better ? USAULLY , THE UNEDUCATED LEADER LIKE CPP are only good at MURDER unarm civilian , rape underage girls and kill any body that want to make Scambodia become CAmbodia. HOS HOS HOS HAS HAS HAS .
Die all Khmers, the World will be better
12:37 AM
Khmer culture permeate each every aspect of the thai, we are in you.
You writing, you folklore, the way you greet is Khmer.
Be happy you're are a people without history, be we give you one through colonization.
Be grateful ah thai, you dog.
Who care, I got too much money to spend ... about $5 billion...last time I check my bank statement.
Hun Xen
Spending most of your life in a bunker...
There goes Hun Sen economic development..
Cambodian economy grow at 10% per year. Meaning +10, and while inflation sitting at 22.3%. meaning -22.3. There for Cambodia REAL GROWTH is at NEGATIVE 12.3%. In other word Cambodia GDP
equal to +10=22.3= (-12.3%) per year in in the RED not green.
If Hun Sen and CPP realy want to Manage Cambodia'e economy well he need to ensure the follwing is achieved: -
1/ a BUDGET SURPLUS,
2/ increase in EMPLOYMENT and work for all Cambodian.
3/ reduce the price of fuel
4/ Cap curruptions.
5/ Introduce taxing to businesses across the board to increase goverment revenue.
6/ Buid givernment own housing to create local jobs...and move the evicted families into it...
7/ Have higer control over the importation and exportation of goods and introduce and 1 system taxing.
8/ The budget supplus should go to funding Hospital and free healthcare for all Cambodia.
It should go to free education to all Cambodia.
It should go to defend, training and board protection to all Cambodian.
9/ Cambodia should seek from Develop countries re-newable technology like wind generator.
Create diversions..
Attack the NGO.. well in fact,
CPP controlled already most of them.
I think the last number i have heard
is 18 of NGO are with CPP.
If the high rate inflation reach 22% in Canada,
You'll see the reaction.
The public opinion.. the government.
I think this year is only 3.5%.
So like one of our colleague here had saided,
in north america, people can not afford
to eat rat and dog.
They are friends of people.
Khmer Canadian
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