Inflation in Laos rises to 25.6 per cent in July

VIENTIANE (Xinhua): Inflation in Laos elevated to 25.6 per cent year-on-year in July from 23.6 per cent in June, in line with the newest report from the Lao Statistics Bureau.

The upper costs of gas and client items and the persevering with depreciation of the Lao foreign money kip are among the many important elements driving the inflation.

Rising oil costs are impacting the transport value index, inflicting a rise within the value of products that depend upon gas for his or her manufacturing or transport.

In accordance with the report, prices within the communications and transport class rose by 1.1 per cent month-on-month and 53.2 per cent year-on-year in July.

Costs within the items and repair class surged by 25.6 per cent yr on yr.

The price of medical care and medicines elevated by 8.7 per cent month on month and 30 per cent yr on yr.

The price of meals and non-alcoholic drinks elevated by 5.2 per cent month on month and 21.6 per cent yr on yr.

In the meantime, the price of clothes and footwear rose by 0.2 per cent month on month and 16.9 per cent yr on yr.

Costs in family items rose by 1.1 per cent month-on-month and 22.4 per cent yr on yr.

The price of the resort and restaurant class rose by 0.8 per cent month-on-month and 19 per cent year-on-year.

The price of housing, water, electrical energy and fuel class surged by 0.6 per cent month on month and 19.7 per cent yr on yr, in line with the report.