Belarus: Inflation drops in August
September 9, 2016
In August, consumer prices fell 0.2% over the previous month, which contrasted July’s 0.4% increase and marked the lowest reading since August 2009. The figure mainly reflected lower prices for food, while prices for services were broadly stable and prices for non-food goods increased slightly, according to the National Statistical Committee.
Inflation receded in August to 11.8% from 12.2% in July. Annual average inflation stabilized at July’s over-five-year low of 12.1% in August. The month-on-month variation in the core consumer price index—which excludes prices for more volatile goods, such as seasonal products and government regulated goods—inched down from 0.6% in July to 0.5%. Core inflation jumped from July’s 6.7% to 7.2%.