Laos’ inflation rate declined to 24.98% YoY in March from February’s 25.35%. The depreciation of the kip is a major factor contributing to inflation. Notably, the clothing and footwear sector saw the highest price increase at 36.23% Yo, followed by hotels and restaurants at 35.90% and medical care and medicines at 34.61%. The Lao central bank aims to reduce inflation to a single-digit figure by 2024.