Food Inflation in the Lao PDR
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Washington, DC: World Bank
Resumen
Descripción
Food price inflation in Laos has
surged into double digits since mid-2022, surpassing global
and regional trends. High food prices impact the welfare of
both consumers and agricultural producers. Holding all other
factors constant, increasing food prices diminishes
households’ purchasing power. In Laos, this impact is
particularly pronounced among low-income urban households,
which dedicate a larger proportion of their expenditures to
food purchases. Low-income households tend to allocate a
larger share of their consumption to food, while rural
households rely more on self-production than food purchases.
This policy brief examines the causes and impact of food
inflation in Laos, aiming to inform policy actions to
address the issue. The comprehensive analysis combines
descriptive and econometric methods. In addition to
estimating the potential impact of food inflation on
household welfare and food insecurity, the analysis
empirically examines the factors that contribute to food
price inflation at the national level. Furthermore, it
investigates the price formation and transmission mechanics
of key commodities such as rice, pork, and chicken, both
domestically and in international markets.
Palabras clave
ECONOMIC GROWTH, WELL-BEING