Vientiane (VNA) – Laos’s inflation in October surgedby 36.7% annually, a record in the past 22 years, according to the Lao StatisticsBureau.
In September, the figure stood at 34.5%.
It was attributable to a surge in prices of goods like food,beverages, fuel and other consumer goods. In particularly, fuel prices soaredby 95% from the same period last year.
According to Lao economists, the cause of growing inflation wasthe global economic downturn, conflicts between major powers and the COVID-19pandemic that disrupted economic activities. Moreover, the depreciation of the domestic currency against foreign ones has an impact on prices of imports whiledisasters also resulted in crop loss.
🌳 Since 2021, Laos has become one of the countries with thehighest inflation in Southeast Asia./.
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The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
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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.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
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Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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Illustrative image (Photo: Vientiane Times) 
