Inflation in Laos Reaches 22-Year High as Economic Crisis Worsens
Inflation continues to spiral out of control in Laos, with the country’s Statistics Bureau announcing this week that the country’s year-on-year inflation had risen to a 22-year high of 23.6 percent in June. According to a report in the state-run Vientiane Times, the consumer price index last month jumped sharply above the ceiling rate of 12 percent set by the government, which was already breached last month, when year-on-year inflation touched 12.8 percent.
Sebastian Strangio
