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Laos' inflation rate saw a slight decline in October, dropping to 20.7% from 21.7% in September and 24.3% in August, according to a report from the Lao Statistics Bureau.
(KPL) — Laos' inflation rate saw a slight decline in October, dropping to 20.7% from 21.7% in September and 24.3% in August, according to a report from the Lao Statistics Bureau.
Medical care and medicines recorded the steepest price rise in October, up 30.8%, followed by housing, water, electricity, and gas, which increased by 29.9%. Hotel and restaurant prices rose 27.5%, and household goods by 27.3%.
The easing inflation is attributed to reduced pressures on the exchange rate and shifts in global oil prices.
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