Belarus Inflation July 2016

Belarus

Belarus: Inflation edges up in July

August 14, 2016

In July, consumer prices rose 0.4% over the previous month, which was in line with June’s result and marked the smallest increase in nearly one year. The figure came on the back of increases in all three components of the index, with prices of the non-food segment rising at most, according to the National Statistical Committee.

Inflation picked up in July to 12.2% from 12.0% in June. Annual average inflation stabilized at June’s over-five-year low of 12.1% in July. The month-on-month variation in the core consumer price index—which excludes prices for more volatile goods, such as seasonal products and government regulated goods—rose from 0.4% in June to 0.6% in July. Core inflation jumped to 6.7% in July from June’s 6.1%.

FocusEconomics Consensus Forecast participants see inflation averaging 13.5% in 2016, which is unchanged from last month’s forecast. In 2017, panelists expect inflation to average 11.8%.


Author: Teresa Kersting, Economist

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Belarus Inflation July 2016

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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