Seasonality in the Cambodian Consumer Price Index

Preliminary results from a seasonal adjustment of Cambodia’s official consumer price index
(CPI) indicate significant seasonality in the series. Although the seasonal factors mirror the
country’s main food production cycle, the original series has itself been volatile in recent
years, and because of the procedures used in its compilation, it is particularly sensitive to
exchange rate fluctuations. The inflationary momentum abated substantially in 1999, with
inflation towards the end of the year running at a quarterly annualised rate of 6.6 percent,
compared to 17.2 percent in the same period the previous year.