Belarus Inflation May 2021


Belarus: Inflation comes in at highest level since January 2017 in May

June 10, 2021

Consumer prices increased 0.55% in May over the previous month, slowing down from April's 0.74% increase. May's result marked the softest rise in prices since August 2020. The slowdown was mainly due to slightly lower prices for services, with prices for food goods marking a slower increase.

Inflation increased to 9.4% in May from April’s 8.6%. May's result was the highest inflation rate since January 2017. Annual average inflation rose to 7.1% in May (April: 6.7%).

FocusEconomics analysts project inflation to average 7.8% in 2021, which is up 0.3 percentage points from last month’s forecast. In 2022, the panel sees inflation averaging 6.4%.


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Belarus Inflation Chart

Belarus Inflation May 2021 0

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).

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