Belarus Inflation


Belarus: Inflation eases to multi-year low in July

August 10, 2015

In July, consumer prices rose 0.2% over the previous month, which was below June’s 0.7% increase. According to the National Statistical Committee, the result was driven by falling prices for food and non-alcoholic beverages as well as a more moderate rise in the prices of non-food goods than in the previous month.

Inflation fell from June’s 13.2% to 12.5% in July, which marked the lowest inflation rate since January 2011. As a result, annual average inflation fell from 17.1% in June to 16.5% in July. Meanwhile, the core consumer price index – which strips out prices for more volatile goods such as seasonal products and government regulated goods – rose 0.5% in July over the previous month (June: +0.9% month-on-month). Core inflation accelerated, rising from June’s 6.2% to 6.8% in July.

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 July 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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