VIENTIANE, Oct. 28 (Xinhua) -- Laos recorded an inflation rate of 7.7 percent in October, a slight decrease from 7.8 percent in September, driven by rising prices for electricity, fuel, beef, poultry, fish, and seasonal goods.
According to the latest report released by the Lao Statistics Bureau on Monday, the highest price rise in October was recorded in the housing, water, electricity and gas category, which stood at 29.6 percent.
Other categories driving inflation included the education category at 16 percent, followed by the communications and transport category at 13 percent, and the medical care and medicines category at 10.3 percent.
The Lao central bank aims to keep average inflation below seven percent in 2026 by maintaining macroeconomic stability, strengthening confidence in the Lao kip, and supporting sustainable economic growth. ■
