Belarus Inflation October 2016

Belarus

Belarus: Inflation eases further in October

November 10, 2016

In October, consumer prices in Belarus rose 0.8% from the previous month, which followed September’s 0.7% increase and marked the highest reading in seven months. The figure reflected higher prices for food goods and non-food goods, while prices for services came down moderately, according to the National Statistical Committee.

Inflation continued to ease, falling from September’s 11.1% to 11.0% in October, which was the lowest print seen since January 2011. Annual average inflation was 12.0% in October, matching September’s result. 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—mirrored September’s reading of a 0.9% increase. Core inflation jumped from September’s 8.1% to 9.1% in October.

FocusEconomics Consensus Forecast participants see inflation averaging 12.4% in 2016, which is down 0.2 percentage points from last month’s forecast. In 2017, panelists expect inflation to average 11.3%, which is also down 0.2 percentage points from last month’s estimate.


Author: Marlène Rump, Economist

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Belarus Inflation Chart


Belarus Inflation October 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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