Belarus Inflation


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.

FocusEconomics Consensus Forecast participants see inflation at 20.0% in 2015, which is up 1.2 percentage points from last month’s forecast. In 2016, panelists expect inflation to ease to 16.3%.

Author: Angela Bouzanis, Senior Economist

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Belarus Inflation Chart

Belarus Inflation August 2015

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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