Hey, looks like we are not the only nation that plays down their inflation rate: In Cambodia, they stopped reporting CPI altogether!
Faced with soaring inflation, Cambodian authorities have stopped publishing its CPI figures. San Sithan, Director General of the National Institute of Statistics, recently told The Phnom Penh Post that publication of the CPI has been halted to avert the possibility of “disorder and turmoil.”
In Vietnam, soaring inflation—now at 27%—prompted strikes earlier this year. In Cambodia, year-over-year prices were up 18% in January, the latest month in which such figures were available. Since then, fuel is up 30%; rice, 50%.
Opposition legislator Son Chhay of the Sam Rainsy Party says Prime Minister Hun Sen’s government is “afraid to present the facts” ahead of parliamentary elections on July 27.
Almost makes the Federal Reserve focus in core inflation look reasonable.
Inflation, What Inflation?
Frederik Balfour in Hong Kong
BusinessWeek, July 1, 2008
Ministry of Planning
Farmers turn back to oxen as fuel price rises