Laos' inflation rate fell to 24.92% in April from 24.98% in March, driven by fuel, gas, and imports.
Laos' inflation rate fell to 24.92% in April from 24.98% in March, with fuel, gas, and imported goods prices driving the increase. The country's heavy reliance on imports for domestic consumption makes its economy vulnerable to external shocks and disruptions. Lao President Thongloun Sisoulith aims to steer the economy towards greater independence and local ownership, reducing dependence on external factors for long-term stability and growth.
April 29, 2024
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