VIENTIANE: Laos recorded an inflation rate of 7.7 per cent in October, a slight decrease from 7.8 per cent in September, driven by rising prices for electricity, fuel, beef, poultry, fish and seasonal goods.
According to the latest report released by the Lao Statistics Bureau on Monday (Oct 26), the highest price rise in October was recorded in the housing, water, electricity and gas category, which stood at 29.6 per cent.
Other categories driving inflation included the education category at 16 per cent, followed by the communications and transport category at 13 per cent, and the medical care and medicines category at 10.3 per cent.
The Lao central bank aims to keep average inflation below seven per cent in 2026 by maintaining macroeconomic stability, strengthening confidence in the Lao kip, and supporting sustainable economic growth. - Xinhua
