Inflation in Laos
Laos - InflationAfter a challenging first half of the year, with a spike in Covid-19 cases from late April leading to the imposition of tougher restrictions, the economy continues to face headwinds in H2. The health situation deteriorated further in early July, forcing authorities to extend restrictions and to enforce stricter measures in the capital, Vientiane. The measures, which were tightened on 31 August, have remained in place well into Q4 amid stubbornly high daily Covid-19 cases. That said, an order by the prime minister to make preparations for the reopening of the economy may signal the easing of restrictions before the launch of the China-Laos railway, which is scheduled for December. In other news, a report showing an outflow of USD 303 million worth of foreign currency—roughly one fifth of the country’s initial reserves—in Q1–Q3 this year bodes ill for the external sector.
Laos - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.3||1.6||0.8||2.0||3.3|
5 years of economic forecasts for more than 30 economic indicators.
Laos Inflation Chart
Source: World Bank.
|Exchange Rate||8,885||0.31 %||Jan 01|
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