Xinhua
11 Jul 2025, 18:45 GMT+10
VIENTIANE, July 11 (Xinhua) -- Laos recorded an average inflation rate of 10.9 percent in the first half of 2025, marking a sharp decline from 25.3 percent during the same period in 2024, according to the latest report from the Lao Statistics Bureau.
In the first six months of 2025, the highest price rise was recorded in the cost of housing, water, electricity and gas category, which stood at 23 percent.
This was followed by the medical care and medicines category at 20.9 percent, the household goods category at 18.2 percent, the education category at 17.5 percent, and the hotel and restaurant category at 15.8 percent.
The Lao government is urging all sectors to collaborate in addressing the country's economic challenges. In the second half of 2025, efforts will focus on reducing inflation, stabilizing the exchange rate, managing commodity prices, and addressing external debt. Authorities aim to implement national agenda measures more effectively and with tangible results.
To promote sustained economic growth, the government plans to leverage all available resources, ensure energy security, and further develop industrial and processing sectors. It will also prioritize improvements to infrastructure and transportation systems to boost trade, investment, and tourism. In addition, monetary and exchange rate policies will be strengthened, with greater management of foreign exchange through the banking system and encouragement of wider use of the Lao kip.
Get a daily dose of Vietnam Tribune news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vietnam Tribune.
More InformationTokyo, [Japan], July 11 (ANI): In a rebuke of Beijing's increasingly aggressive maritime posture, the foreign ministers of Japan, the...
Amritsar (Punjab) [India] July 11 (ANI): The Commissionerate Police has arrested an accused, identified as Vikramjit Singh, in an encounter...
New Delhi [India], July 11 (ANI): The Digital India Foundation (DIF), a founding member of the AI Alliance Network (AIANET), has strongly...
London [UK], July 11 (ANI): The Board of Control for Cricket in India (BCCI) on Friday provided an update on India's swashbuckling...
Kuala Lumpur [Malaysia], July 11 (ANI): Russian Foreign Minister Sergey Lavrov and United States Secretary of State Marco Rubio met...
(250711) -- JAKARTA, July 11, 2025 (Xinhua) -- People crowd on Thamrin Street in Jakarta, Indonesia, on July 6, 2025. Indonesia is...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...