Inflation in Laos increases to 41.3% in February. (Photo: VNA)Despite welcoming a large number of international visitors,the country continues to suffer from rising inflation rates, adverselyimpacting the life of its residents.
Last month, the price of food and non-alcoholic beveragesrose by 49.3% while that of alcohol and cigarettes went up to 26.4%.
Medicines and medical care prices surged by 42.4%,while hotel and restaurant services increased by 36.2%. The prices of housing,water, electricity, and cooking gas jumped by 28.3%. Transportation costs alsoincreased by 47.4%.
Khammouane province reported the highest inflationrate at 49.82%, followed by Vientiane, 47.18% and Luang Prabang, 45.09% .
The LSB expects that the inflation rate in March will bearound the same as recorded in February.
The LSB and Bank of the Lao PDR (BOL) announcedtheir plans to identify and address the cause of the rising prices of goods inthe country in a recent meeting last month./.
VNA
