Development of inflation rates in Laos
The inflation rate in Laos moved over the past years between 0.0% and 125.3%. For 2016, an inflation rate of 1.5% was calculated.
During the observation period from 1989 to 2016, the average inflation rate was 19.9%
per year. Overall, the price increase was 7,515.08 %. An item that cost 100 Kip in 1988 was 2016 so charged 7,615.08 Kip.
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