Belarus Inflation January 2022


Belarus: Inflation comes in at highest level since October 2021 in January

February 10, 2022

Consumer prices rose 1.53% over the previous month in January, picking up from December's 0.87% rise. January's uptick was the highest reading since February 2021. Looking at the breakdown, the acceleration in price pressures was felt across all components, with the most notable increase registered in prices for services.

Inflation came in at 10.4% in January, which was up from December’s 10.0%. January's result was the highest inflation rate since October 2021. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 9.7% in January (December: 9.5%).

FocusEconomics analysts project inflation to average 8.6% in 2022, which is up 0.2 percentage points from last month’s forecast. In 2023, the panel sees inflation averaging 6.6%.


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Belarus Inflation Chart

Belarus Inflation January 2022

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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