Inflation in Laos reaches 5.3 percent in December 2021

The inflation rate in Laos in December was higher than any other months in 2021, climbing to 5.3 percent, directly impacting the cost of living in the country.
Inflation in Laos reaches 5.3 percent in December 2021 ảnh 1The inflation rate in Laos in December was higher than any other months in 2021, climbing to 5.3 percent. (Photo: Laotian Times)
Hanoi (VNA) - The inflation rate in Laosin December was higher than any other months in 2021, climbing to 5.3 percent,directly impacting the cost of living in the country.

The Laotian Times cited statistics by the LaoStatistics Bureau showing that the inflation rate in October was 4.72 percent, and in November was 5.04 percent.

Transportation cost increased 12.7 percent, while pricesof hotel and restaurant services expanded by 8.3 percent, health care and drug wereup 8.2 percent, and goods and services increased by 7.9 percent.

Alcohol and tobacco prices also went up by 6.8 percent. Utilitiessuch as water, electricity and cooking gas all jumped by 5.8 percent. Clothingand footwear went up by 5.4 percent, and furniture price increased by 4.9percent.

Inflation has been worsened due to a lack of domesticproduction, border closures, loss of tourism revenue, and a disrupted globalsupply chains caused by the COVID-19 pandemic.

The majority of Laos’ products are imported, creatinga trade deficit, while demand for foreign currency (Thai Baht and US dollar) isincreasing, causing the local currency (LAK) to depreciate./.

VNA

See more

Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.

Philippines seizes 175 million USD meth haul

Philippines seizes 175 million USD meth haul

Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.

The exhibition stall of Vietnam News Agency at the National Press Festival 2025. (Photo: VNA)

Cuban journalist praises revolutionary press’s role in Vietnamese history

In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.

Permanent Secretary of the Thai Ministry of Commerce, Vuttikrai Leewiraphan. (Photo: thainews.prd.go.th)

Thailand engages USTR on five-point trade proposal

Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.

(Photo: Malay Mail/Firdaus Latif)

Malaysia sues Telegram over harmful content

This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.

Elena Nikulina, an expert in Vietnam studies from the Centre for Vietnam and ASEAN Studies (CVAS) under the Russian Academy of Sciences. (Photo: VNA)

Verification remains core value of mainstream journalism: Russian expert

Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.