Weak KIP Continues to Drive Inflation
The cost of living is continuing to rise due to the depreciation of the kip…
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Lao Inflation Rate
First Quarter Inflation Rate Hits 40.85%
The rate of inflation recorded in Laos in the first quarter averaged 40.85%, one of the highest rates in the region.
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January Inflation Rate Soars to New High of 40.3%
Year-on-year inflation in Laos jumped to 40.3 percent in January, the highest rate in 23 years, according to the latest report from the Lao Statistics Bureau.
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Laos Among Countries With Highest Inflation In SE Asia
Laos has one of the highest inflation rates in the region, with the price rise recorded 23.6 percent year-on-year in June, according to ADB
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Inflation Jumps To Record High
The year-on-year inflation rate in Laos surged 8.5 percent in March, even more than expected, and rose to the highest figure recorded since January 2016.
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Fuel Prices, Currency Depreciation Drive Up Inflation In Laos
Fuel prices have increased six times in a period of just two months and 10 days, sparking greater concerns about the rising cost of living in Laos.
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Inflation Rate In Laos Hits Highest Point In 2 Years
The year-on-year inflation rate in Laos jumped to 6.25 percent in January, the highest figure recorded since January 2020.
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Rising Inflation Sparks Public Concern
In the past 42 days, fuel prices have risen four times, causing heated debate among members of the public who are increasingly concerned about the spiralling cost of consumer goods.
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Inflation In Laos Jumps To Highest Point In 15 Months
The prices of goods and services in Laos continue to rise at a rate unseen since August 2020, increasing by 5.27 percent in December last year when compared to the figures for the same period in 2020.
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Inflation In Laos Remains Sore Point For The Poor
The Consumer Price Index (CPI) remains high in Laos despite the government increasing measures to curb rising prices at Lao markets.
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Inflation Inches Higher
The inflation rate is trending higher each year despite the government’s mitigating measures, driving up living costs for ordinary people.
Inflation reached 6.87 percent last month, up from 6.83 percent in August, according to a report issued by the Lao Statistics Bureau this week. Economists say inflation could exceed the economic growth rate of 8 percent in the near future because Laos imports more than it exports.
If inflation exceeds the rate of economic growth, the end result would be …..