Belarus Inflation December 2017

Belarus

Belarus: Inflation continues on downward trend

January 10, 2018

Consumer prices increased 0.2% over the previous month in December, a smaller rise than the 0.5% month-on-month rise in November. Looking at a breakdown of the components, five of the main sub-categories registered a price jump, while the remaining seven recorded a price decline. The biggest upturn in prices were for food and non-alcoholic beverages while the prices for hotels, cafes and restaurants dropped the most.

Inflation continued on a downward trend, edging down to an all-time low of 4.6% in December from 4.9% in November, and core inflation fell to 2.5%, down from 2.9%. Meanwhile, annual average inflation dropped to 6.0 in December from 7.0% in November. Reports indicate that the Central Bank will cut the refinancing rate from 11.0% to 10.5% on 14 February in the context of the current and projected trajectory of inflation amid the ongoing economic recovery. 

FocusEconomics Consensus Forecast participants see inflation averaging 7.9% in 2018, which is up 0.7 percentage points from last month’s forecast. For 2019, panelists expect inflation to average 7.3%.


Author:, Economist

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Belarus Inflation December 2017

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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