Laos government targets lower inflation rates in 2024; aims to hit 9% target in 2024

VIENTIANE (Laotian Times): Despite the country’s persistent efforts to curb inflation, Laos experienced an average inflation rate of 31.2 per cent throughout 2023. But the central bank and the Lao government are committed to taking action and reducing the rating by 9 per cent in 2024.

The latest report from the Lao Statistics Bureau reveals that inflation stood at 24.4 percent in December, although it showed a slight decrease from 25.24 percent in November.