Belarus Inflation December 2016

Belarus

Belarus: Inflation drops to six-year low in December

January 10, 2017

Consumer prices rose 0.5% in December from the previous month, down from November’s 0.8% increase. According to the National Statistical Committee, December’s increase came on the back of higher prices for food and services, which were partly offset by lower prices for non-food goods.

Inflation eased in December, dropping to 10.6% from 11.4% in November. This marked the lowest reading since December 2010. Annual average inflation was 11.8% in December, below November’s 12.0% and also a multi-year low.

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—increased to 1.1% in December from 0.7% in November. Core inflation inched up from November’s 9.9% to 10.0% in December.

FocusEconomics Consensus Forecast participants see inflation averaging 10.4% in 2017, which is down 0.4 percentage points from last month’s forecast. In 2018, panelists expect inflation to average 9.4%.


Author: Marlène Rump, Senior Data Analyst

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Belarus Inflation December 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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