Prices rocketed 23% in 2022 and 31% last year

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Debt-saddled Laos struggles to tame rampant inflation

Prices rose 31 per cent in 2023 and they are on course for 25 per cent in 2024, according to the Asian Development Bank.

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Singapore

Debt-saddled Laos struggles to tame rampant inflation with cost of staples like rice doubling

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U.S. Agency for Global Media

Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging.

IBTimes Australia

IBT Media

Australia

Debt-saddled Laos Struggles To Tame Rampant Inflation

Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging. A growing number of households are so desperate for food that they are now having to forage to supplement their diets, according to a World Bank household survey earlier this year.

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Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging. At a market in Vientiane, traders told AFP they have never known business to be so slow, as families have seen the value

Debt-saddled Laos struggles to tame rampant inflation

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