Belarus: Inflation eases to multi-year low in August
September 11, 2015
In August, consumer prices rose 0.2% over the previous month, which mirrored July’s rise. According to the National Statistical Committee, the result was driven by increasing prices for food and non-alcoholic beverages.
Inflation fell from July’s 12.5% to 11.8% in August, which marked the lowest inflation rate since January 2011. As a result, annual average inflation fell from July’s 16.5% to 15.7% in August. Meanwhile, the core consumer price index – which strips out prices for more volatile goods such as seasonal products and government regulated goods – rose 0.8% in August over the previous month (July: +0.5% month-on-month). Core inflation accelerated, rising from 6.8% in July to 7.7% in August.