According to a report from the Lao Statistics Bureau, the CPI stood at 114.22 points in November, resulting in an inflation rate of 2.84 percent year-on-year, down from the 3.63 percent recorded in October.
The changes in the CPI occurred as a result of the weakening value of the kip against the Thai baht and US dollar, as Lao businesses have to buy more foreign currencies to buy imported products.
The inflation rate was largely driven by the food and beverage category which surged by 4.1 percent year-on-year. However, compared to October, the month-on-month inflation rate decreased by 1.01 percent in November.
Information source: Vientiane Times