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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 ...
Sebastian Strangio
Kip depreciation deals heavy blow to Lao economy
The Lao kip has plunged to a record low in recent days against the US dollar and Thai baht despite the government’s attempts to stabilise currency exchange rates.The value of the national currency has nosedived since the end of March, the Governor of the Bank ...
Somsack Pongkhao
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 ...
Souksakhone Vaenkeo
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, ...
Latsamy Phonevilay
Laos' Inflation rate jumps to 3% in July
VIENTIANE (Vientiane Times/ANN) – The Consumer Price Index (CPI) continues to rise in Laos despite the government’s expanded measures to tackle the rising price of goods in markets.According to the Lao Statistics Bureau, the CPI reached 107.64 points in July, putting the annual inflation rate ...
Somsack Pongkhao
http://annx.asianews.network/content/inflation-rate-jumps-3-july-102115
