Inflation in Laos accelerates to 38.46 per cent in November

VIENTIANE, Dec 5 (Xinhua): Inflation in Laos increased to 38.46 percent year-on-year in November from 36.75 per cent in October, according to a report issued by the Lao Statistics Bureau on Monday.

The higher prices of fuel and consumer goods and the continuing depreciation of the Lao currency kip are among the main factors driving the inflation.

Rising oil prices are impacting the transport price index, causing an increase in the price of goods that depend on fuel for their production or transport.

According to the report, costs in the communications and transport category rose by 55.4 per cent year-on-year in November.

The price of food and non-alcoholic beverages has surged by 42.3 per cent.

The cost of the hotel and restaurant category rose by 30.9 per cent.

In addition, the cost of housing category surged by 30.41 percent. Meanwhile, the cost of medical care and medicine increased by 42 per cent.

Price hikes across all types of products have caused more hardship for the general public, especially those on low wages. - Xinhua

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Laos , Inflation , Soaring High


Next In Aseanplus News

Asean News Headlines at 9pm on Sunday (Jan 29, 2023)
Tennis-Emotional Djokovic hails biggest victory of his life
Singapore PM Lee to meet Malaysian PM Anwar during his visit to the republic beginning Monday (Jan 30)
Indonesia to start rolling out Covid-19 vaccination for children under six
Philippines greenlights LNG project as domestic reserves shrink
US trade shifts on Covid and China tensions, but no 'decoupling' yet; Vietnam now a major attraction
Malaysian police liaise with Cambodia's Preah Sihanouk police over trafficking cases
Laos Kapok Festival draws in the crowds to admire trees in bloom
Tennis-Novak Djokovic's run to 22 Grand Slam titles
Barred foreigner jailed and fined for re-entering Brunei

Others Also Read