Improving economy: Laos' inflation rate now stands at 11.1 per cent in April


VIENTIANE (Xinhua): Laos' inflation rate was recorded at 11.1 per cent in April, the latest official data showed.

The highest price rise was recorded in the cost of housing, water, electricity and gas category, which stood at 25.2 per cent.

This was followed by the cost of medical care and medicines category at 20.5 per cent, the household goods category at 18.2 percent, and the education category at 16.5 per cent.

The Lao government aims to curb rising prices while stressing the need to increase local production and secure financial support for businesses.

The Lao central bank is set to intensify efforts to address pressing economic and financial challenges to achieve a single-digit inflation rate within 2025. - Xinhua

 

 

 

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Laos , Inflation , Under Control

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