VIENTIANE: Inflation in Laos dropped to 5.3 per cent in July, down from 7.2 per cent in June, according to the latest report from the Lao Statistics Bureau.
The highest price rise was recorded in the housing, water, electricity and gas category, which stood at 16.1 per cent, according to the report on Wednesday (July 30).
This was followed by the medical care and medicines category at 14.6 per cent, the household goods category at 10.1 per cent, and the education category at 9.3 per cent.
The Lao government has intensified efforts to control inflation by adopting more restrictive monetary policies.
In addition, the government is actively working towards building an independent and self-reliant economy, with a strong focus on optimising revenue, controlling expenditure, and improving financial management. - Xinhua
