Inflation in Laos skyrocketed to 39.27% in December. This is the highest of the year and up from November’s 38.46%, according to the Lao Statistics Bureau (LSB).
Food and non-alcoholic beverage prices rose by about 45% last month, while healthcare equipment and medicine costs went up by around 42%. However, the price of fuel fell by 8.9% compared to the previous month.
A recent Asian Development Bank report estimated that the average rate of inflation in Laos will be around 23% in 2022, dropping to 10% in 2023.
Read the original piece HERE.
Add Comment