Development of inflation rates in Laos
The inflation rate for consumer prices in Laos moved over the past 30 years between 0.1% and 125.3%. For 2019, an inflation rate of 3.3% was calculated.During the observation period from 1989 to 2019, the average inflation rate was 18.1% per year. Overall, the price increase was 8,001.14 %. An item that cost 100 Kip in 1989 was so charged 8,101.14 Kip in the beginning of 2020.
In only a very few countries, the price increase is that high. The rate of 125.3% in 1999 means, that compared to the previous year all prices have been increased by an average of 125.3%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.
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Performance over the last 30 years compared to the European Union
Performance based on 100% in 1988.
Inflation calculator for Laos
Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Kip in 1989 corresponds to an amount of 81,011.39 Kip at the beginning of 2020 due to inflation.Development of inflation rates for consumer goods in Laos
| Jahr | Laos | Ø European Union |
|---|---|---|
| 1989 | 61.33 % | 6.01 % |
| 1990 | 35.64 % | 6.30 % |
| 1991 | 13.44 % | 5.93 % |
| 1992 | 9.86 % | 5.60 % |
| 1993 | 6.27 % | 4.79 % |
| 1994 | 6.78 % | 4.71 % |
| 1995 | 19.59 % | 4.32 % |
| 1996 | 13.02 % | 3.31 % |
| 1997 | 27.51 % | 2.72 % |
| 1998 | 90.98 % | 2.40 % |
| 1999 | 125.27 % | 2.15 % |
| 2000 | 25.08 % | 3.10 % |
| 2001 | 7.81 % | 3.15 % |
| 2002 | 10.63 % | 2.31 % |
| 2003 | 15.49 % | 2.08 % |
| 2004 | 10.46 % | 2.26 % |
| 2005 | 7.17 % | 2.47 % |
| 2006 | 6.55 % | 2.60 % |
| 2007 | 4.66 % | 2.48 % |
| 2008 | 7.63 % | 4.16 % |
| 2009 | 0.14 % | 0.93 % |
| 2010 | 5.98 % | 1.53 % |
| 2011 | 7.57 % | 3.29 % |
| 2012 | 4.26 % | 2.66 % |
| 2013 | 6.37 % | 1.22 % |
| 2014 | 4.13 % | 0.20 % |
| 2015 | 1.28 % | -0.06 % |
| 2016 | 1.60 % | 0.18 % |
| 2017 | 0.83 % | 1.43 % |
| 2018 | 2.04 % | 1.74 % |
| 2019 | 3.32 % | 1.63 % |