The Consumer Price Index (CPI) remains high in Laos despite the government increasing measures to curb rising prices at Lao markets.Read more
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 …..