Laos inflation continues to rise
- Published: 16 Oct 2013 at 15.54
- Online news:
Higher prices for almost everything, from food to education, are fuelling inflation in Laos.
Inflation rate reached 6.87% in September, slightly up from 6.83% in August, The Vientiane Times said on Wednesday, citing a report by the Lao Statistics Bureau.
The rise was mainly due to price increases in food and non-alcoholic beverages, clothing and footwear, alcohol and tobacco, housing, water, electricity and cooking gas, education, and restaurants and hotels, it said.
The highest inflation rate in Laos this year was 7.43% in July, while the lowest rate was 5.45% in April.
Government spokeswoman Bounpheng Mounphosay recently said the government was concerned about the country's rising inflation and debt as it could lead Laos into economic crisis, according to the newspaper.
A revenue shortfall has forced the government to curb expenditure, including halting a 760,000 kip (3,000 baht) monthly living allowance for state employees and encouraging thrift.