Belarus Inflation


Belarus: Inflation edges down in October

November 10, 2015

In October, consumer prices rose 0.8% over the previous month, which was below September’s 1.3% rise. According to the National Statistical Committee, the moderation was driven by falling prices for services and slower growth in non-food prices.

Inflation edged down from September’s 11.9% to 11.5% in October, which marked a multi-year low. As a result, annual average inflation fell from 15.1% in September to 14.4%. Meanwhile, the core consumer price index—which strips out prices for more volatile goods, such as seasonal products and government regulated goods—rose 0.7% in October over the previous month (September: +1.1% month-on-month). Core inflation accelerated, rising from 9.0% in September to 9.8% in October.

FocusEconomics Consensus Forecast participants see inflation at 16.1% in 2015, which is down 1.0 percentage point from last month’s forecast. In 2016, panelists expect inflation to ease to 16.4%, which is down 0.3 percentage points from the previous month’s estimate.

Author: Angela Bouzanis, Senior Economist

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Belarus Inflation Chart

Belarus Inflation October 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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