Inflation remains high despite govt’s attempts to cap price rises

The government is working to boost domestic output and export. - VT

VIENTIANE (Vientiane Times/Asia News Network): The inflation rate in Laos rose more slowly in September at 25.69 per cent, down from 25.88 per cent recorded in August, according to a report from the Lao Statistics Bureau.

However, the rate remains high, driven by three main factors, namely weak domestic output and heavy reliance on imports, continuing depreciation of the kip, and the rising price of imported goods.