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Impact of High Food Prices in Cambodia


Like many countries, Cambodia has been experiencing rising prices of essential goods,mainly oil and food. The year-on-year Consumer Price Index increase rose to 18.7 percent in January 2008, according to the National Institute of Statistics (NIS). Prices continued to rise rapidly till July 2008 (See Figure 1.1).1 Food, beverages and tobacco rose most rapidly, by 36.8 percent between July 2007 and July 2008. In particular, the price of rice, which is the most commonly consumed staple, approximately doubled between May 2007 and May 2008, shortly before the survey took place. This was clearly linked to the international market, where rice prices were up by 180 percent on average during the period of July 2007 to June 2008 (Ministry of Commerce 2008). Other essential food items also became 20 to 70 percent more expensive within one year.


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