Lao PDR inflation rate for 2023 was 31.23%, a 8.27% increase from 2022.
Lao PDR inflation rate for 2022 was 22.96%, a 19.2% increase from 2021.
Lao PDR inflation rate for 2021 was 3.76%, a 1.35% decline from 2020.
Lao PDR inflation rate for 2020 was 5.10%, a 1.78% increase from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
