HANOI, April 17 (Xinhua) -- Laos will try to keep inflation at six percent
in 2008, up from 4.5 percent in 2007, according to Lao newspaper Vientiane Times
on Thursday.
The Lao government is continuing to apply measures to manage inflation by
promoting investment and encouraging increased domestic productivity.
Cross-ministry cooperation has increased in an effort to control the price of
both domestic and imported products.
Despite the increase in the inflation rate, it will be still lower than
Laos' expected economic growth of 7.5 percent this year, and also lower than
inflation rates in neighboring countries.
The consumer price index issued by the Statistics Department of the
country's Ministry of Planning and Investment indicated the price of food in
March rose by two percent over February, the newspaper said.