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Belarus Inflation July 2021

Belarus: Inflation moderates in July

Consumer prices rose 0.07% from the previous month in July, which was below the 0.65% increase seen in June.. July’s result marked the softest rise in prices since May 2020. The deceleration was broad base, with prices in non-food goods and services both decelerating, while prices for food goods declined.

Inflation inched down to 9.8% in July, following June’s 9.9%. Annual average inflation rose to 7.9% in July (June: 7.5%).

Looking forward, elevated inflation over the past couple months forced the Central Bank to hike interest rates in July, which should tamp down on price pressures ahead.

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