Belarus Inflation August 2016

Belarus

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%.

FocusEconomics Consensus Forecast participants see inflation averaging 13.5% in 2016, which is unchanged from last month’s forecast. In 2017, panelists expect inflation to average 11.8%.


Author: Teresa Kersting, Economist

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Belarus Inflation August 2016

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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