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