Belarus Inflation February 2020

Belarus

Belarus: Inflation falls to 19-month low in February

March 10, 2020

Consumer prices rose 1.0% over the previous month in February, largely in line with January’s 0.9% increase but marking the strongest rise since February 2019. The result was largely led by higher prices for services, with prices for both food and non-food goods increasing more marginally.

Inflation fell to a 19-month low of 4.4% in February, from 4.7% in the opening month of this year. As a result, it moved further below the Central Bank’s 5.0% target. Meanwhile, annual average inflation ticked down to 5.4% in February, from 5.5% in January.

FocusEconomics Consensus Forecast participants project inflation will average 5.4% in 2020, which is up 0.1 percentage points from last month’s forecast, and 5.2% in 2021.


Author:, Economist

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Belarus Inflation February 20 20

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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