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
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.Read more
The year-on-year inflation rate in Laos jumped to 6.25 percent in January, the highest figure recorded since January 2020.Read more
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
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.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 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 …..