Forecast 2011 inflation to double last year

The inflation in Cambodia could probably double the one of last year in 6.5 percent, reported the International Monetary Fund. In 2010 it was 3.1 percent. However, other groups estimated a lower inflation for the country like the World Bank that reported 5 percent, the Asian Development Bank in 5.5. percent and the Cambodian government in less than 5 percent. The president of the Cambodian Institute for Development Study, Kang Chandararot, said to the Chinese press agency Xianhua that the IMF forecast is more possible: ‘Now we have observed that petroleum and food prices in Cambodia have been skyrocketing,’ he noted, but he concluded that the rate is still ‘low and manageable.’ The US dollar has fall 2 percent to 3,982 riels. In 2010 it was 4,060 in a country that uses two currencies.

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About Albeiro Rodas

Albeiro Rodas (in Cambodia Sky Ly Samnang), is a MA in Digital Communication, independent journalist and a Salesian of Don Bosco from Amalfi, Colombia, based in Cambodia since 1999. He is the creator of the Don Bosco schools of journalism in Sihanoukville and Kep with young people from poor communities and the founder of the Don Bosco Kep Children Fund. Medal for Social Commitment UPB (2010); among the 100 more upstanding Colombians abroad (Marca Colombia, 2012, and among the 12 Colombians that are making this a better world 2013 (

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