It's not slowing down as Laos records 40.8 per cent inflation rate in first quarter of 2023

VIENTIANE, April 23 (Laotian Times): Inflation in Laos has been rising steadily, with an average rate of 40.8 percent reported in the first quarter of 2023.

According to Lao Youth Radio, the inflation rate increase can be attributed to the strengthening of the dollar due to the rise in policy interest rates in major economies, in addition to the restrictions on the production and transportation of energy, fuel, and agricultural products globally due to the Russia-Ukraine crisis.