Belarus Inflation November 2017

Belarus

Belarus: Inflation drops to record low in November

December 18, 2017

Consumer prices rose 0.5% over the previous month in November, down from a 1.2% month-on-month jump in October. A breakdown released by the Statistical Institute showed an increase in prices in 9 out of 12 sub-categories. The housing, water, electricity, gas and other fuels component recorded the biggest jump in prices, while clothing and footwear, and communications were the only two groups to register price falls. Prices for education remained stable over the previous month.

Indicative of how the Central Bank’s tighter control of monetary aggregates is bearing fruit, inflation dropped to a record low of 4.9% in November, down from 5.3% in October. Annual average inflation fell to 6.5% in November from 7.0% in October, which also marked an all-time low.

FocusEconomics Consensus Forecast participants see inflation averaging 7.8% in 2018, which is down 0.6 percentage points from last month’s forecast. For 2019, panelists expect inflation to average 7.3%.


Author:, Economist

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Belarus Inflation November 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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