A plummeting currency, dwindling foreign reserves, and a spike in global oil prices have led to shortages across the country.Read more
The value of the Lao kip has dropped significantly since last year against the backdrop of volatility in the global fuel market due to the Russia-Ukraine conflict.Read more
The cost of imported household goods surged by 15-50 percent in April compared to the figure recorded in JanuaryRead more
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.Read more
Inflation in Laos has surged higher than the projected rate for the Gross Domestic Product (GDP), sparking fears among many people regarding the impact on their living standards.Read more
Laos’ overall balance of payments situation is negative despite a trade surplus of US$1.32 billion in 2021 because foreign exchange inflows represent only 26.45 percent of the total export value.Read more
The year-on-year inflation rate jumped to 7.3 percent in February, the highest figure recorded in Laos since January 2016.Read more
The rise in price of imported fuel means that retail prices in Laos will inevitably continue to rise.
The price of oil is factored into the cost of production, meaning that product prices will also rise.
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.Read more
Source: Vientiane Times Motorists in Vientiane and provinces across Laos are in the hot seat again as the retail pricesRead more
The Lao Federation of Trade Unions (LFTU) plans to ask the government to approve an increase in the monthly minimum wage from 1.1 million kip to 1.3 million or 1.5 million kip.Read more
People hoping to build a house this coming dry season will have to think twice now that the price of many construction materials on sale in Vientiane has risen sharply.Read more
The Lao Statistics Bureau has highlighted three main underlying causes of inflation, amid rising concerns over the ongoing health crisis and food security.Read more
The unanticipated Covid-19 pandemic has delayed economic recovery in Laos, with consumption hit hard by the virus control measures implemented since AprilRead more
Petrol stations in the capital and Vientiane province are now selling premium grade fuel at 11,289 kip per litre, which is the lowest price in the country.Read more
The year-on-year inflation rate continued to rise in Laos in March amid economic distress triggered by the Covid-19 pandemic.Read more
The Consumer Price Index (CPI) stood at 113.61 points in February, indicating an inflation rate of 1.91 percent year-on-year, down from the 2.01 percent recorded in JanuaryRead more
Authorities have been unable to cap the price of pork, which has now risen above the price set during the Covid-19 pandemic, and are trying to find a way to keep prices down.Read more
The Consumer Price Index (CPI) in Laos continues to rise despite the government’s enhanced measures to control the prices of products in local markets.Read more
The Consumer Price Index (CPI) has dipped in recent months after inflation peaked at 6.94 percent in January.Read more
The Consumer Price Index (CPI) remains high in Laos despite the government increasing measures to curb rising prices at Lao markets.Read more
The Lao inflation rate continued to increase above 3 percent in September despite the government introducing a number of measures to control the price of goods in local markets.Read more
The rising price of fuel has become the new driving force behind inflation, sending a signal that the government must address this economic risk.Read more
The Lao National Statistics Bureau said inflation remains low in the country despite rising cost of living.Read more
The IMF also expressed concerns about the nation’s declining levels of foreign-currency reserves, a rising budget deficit and relatively high levels of public debt.Read more
The inflation rate in Laos continues to rise despite the government’s mitigating measures designed to regulate the rate, according to a recent government report.
Local residents in Vientiane have always complained about rising food prices in the capital as it directly affects their livelihoods, particularly the poor.
The average inflation rate over the past 6 months of 2013-14 reached ….