January inflation rate soars to new high of 40.3 percent
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. The government is attempting to curb the rising cost of goods and services but prices are showing no signs ...
Lao fishermen return to Malaysia, despite risks
Thousands of Laotians are once again leaving their home country to work in the Malaysian fishing industry, where they are susceptible to abuse from employers due to their illegal status. The Lao Ministry of Labor and Social Welfare estimated that about 2,000 Laotians had recently ...
Inflation in Laos Reaches 22-Year High as Economic Crisis Worsens
Inflation continues to spiral out of control in Laos, with the country’s Statistics Bureau announcing this week that the country’s year-on-year inflation had risen to a 22-year high of 23.6 percent in June. According to a report in the state-run Vientiane Times, the consumer price index ...
Inflation rate closes in on two digits
The year-on-year inflation rate in Laos surged to 9.9 percent in April, the highest figure recorded since January 2016, according to the latest report from the Lao Statistics Bureau. The consumer price index jumped at its fastest pace in recent months, further putting the squeeze ...
Laos’ Surging Inflation a Cause for Concern
Inflation in Laos is set to move beyond a six-year high, jumping from 6.25 percent in January to 7.3 percent in February, according to the Lao Statistics Bureau. While the government had set a target of at least 4% annual GDP growth from now through 2025, ...
Inflation spikes in Laos
VIENTIANE (Vientiane Times/ANN) – Laos has steadily faced a higher inflation rate over the past five months after being pressed by several economic factors.The changes in consumer prices index, as a result of expensive commodities such as oil, gold and food weakening the value of ...