Cambodia's inflation rate declines in October

PHNOM PENH, Cambodia's consumer price index grew by 18.12 percent from October 2007 to October 2008, marking a decrease of inflation rate this year, national media said on Tuesday.

The inflation rate stood at 22 percent in August and 20 percent in September, according to official figures.

While prices remain high compared with last year, some price changes that occurred month to month recently have slowed or reversed compared with previous trends, English-Khmer language newspaper the Cambodia Daily quoted official report as saying.

The financial crisis and the falling value of U.S. dollars have take a toll on the Cambodian economy, it quoted experts saying.

The high inflation seems to be decreasing in Cambodia, it quoted a bank source as saying.

From 2005 to 2007, Cambodia experienced double-digit economic growth and inflation became apparent at the beginning of this year.