Belarus Inflation


Belarus: Inflation edges down in November

December 10, 2015

In November, consumer prices rose 0.5% over the previous month, which was below October’s 0.8% rise. According to the National Statistical Committee, the moderation was driven by slower growth in food and non-food prices.

Inflation edged down from 11.5% in October to 11.3% in November, which marked a multi-year low. As a result, annual average inflation fell from 14.4% in October to 13.9% in November. 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 November over the previous month (October: +0.7% month-on-month). Core inflation accelerated, rising from 9.8% in October to 10.4% in November.

FocusEconomics Consensus Forecast participants see inflation at 15.1% in 2015, which is down 1.0 percentage points from last month’s forecast. In 2016, panelists expect inflation of 15.2%, which is down 1.2 percentage points from the previous month’s estimate.

Author: Angela Bouzanis, Senior Economist

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Belarus Inflation Chart

Belarus Inflation November 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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