Laos sees highest inflation rise in 11 months
Vientiane (VNA) – The year-on-year inflation rate of Laos rose to 4.7 percent in July, highest level recorded since August last year, reported the Lao Statistics Bureau. Fluctuating currency exchange rates are considered to be one of the main drivers of inflation in Laos. Strong demand for foreign currencies, notably the Thai baht and US dollar, means that businesses often rely […]
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