The Magazine for Asian Investors
According to the Lao People’s Democratic Republic Statistics Office, inflation rose to 25.6% in July from 23.6% in June.
Inflation in Laos is skyrocketing as prices for fuel and consumer goods rise and the kip currency continues to weaken.
Rising oil prices led to higher freight costs. As a result, the price of goods has also become more expensive. According to the report, communication and transportation costs in July increased by 1.1% compared to the previous month and by 53.2% year-on-year.