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Published 1 year ago

Laos imposes price controls to curb inflation, but merchants say they’re losing money

Summary by Ground News

Laos has imposed price controls on 23 basic necessities such as pork, rice and natural gas to try to rein in inflation. Authorities aim to enforce through fines or even jail time. But the price limits are making it hard for some merchants to make money. Government figures showed the rate in Laos surged 41.3% in February.

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Radio Free Asia

Laos imposes price controls to curb inflation, but merchants say they’re losing money

As inflation soars, officials will enforce controls on 23 items with fines and jail time.

1 year ago·United States

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