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.Back to overview: Laos