Inflation Laos 2024
Average inflation: 23.3%
Current Inflation
Inflation is very high at 23.3%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 26.2%. The lowest inflation was in December at 16.9%.
- Highest month
- June: 26.2%
- Lowest month
- December: 16.9%
- Difference
- 9.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 27.5%. The lowest price increase was in Food with an average of 22.4%.
- Highest increase
- Energy: 27.5%
- Lowest increase
- Food: 22.4%
Historical Context
Current inflation is 5.9% higher than the 5-year average of 17.4%.
- 5-year average
- 17.4%
- 10-year average
- 9.6%
- All-time high (2023)
- 32.1%
- All-time low (2009)
- 0.2%
Trend
Inflation has remained relatively stable. Compared to 2023, the difference is minimal (-8.8 percentage point).
- Change vs. previous year
- -8.8 percentage points
- Largest monthly swing
- March: -16.0 percentage points
ECB Target
Inflation is 21.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €123.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 24.4% | -15.9 |
| February | 25.4% | -15.9 |
| March | 25.0% | -16.0 |
| April | 24.9% | -15.0 |
| May | 25.8% | -13.1 |
| June | 26.2% | -2.4 |
| July | 26.1% | -1.7 |
| August | 24.3% | -1.6 |
| September | 21.7% | -4.0 |
| October | 20.7% | -5.1 |
| November | 18.3% | -6.9 |
| December | 16.9% | -7.5 |
| Average | 23.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.