Belarus Inflation May 2018

Belarus

Belarus: Inflation falls to the lowest rate on record in May

June 12, 2018

Consumer prices fell 0.3% over the previous month in May, contrasting the 0.3% increase recorded in April. The drop in prices came on the back of a notable decrease in food prices, while prices for services and non-food goods remained nearly stable from the previous month. Meanwhile, core prices, which exclude volatile components, remained largely unchanged in May.

Inflation fell to 4.4% in May, from 5.0% in April, marking the lowest print on record. In turn, annual average inflation also dropped to a record-low of 5.1% in May, down from the previous month’s 5.3%.

FocusEconomics Consensus Forecast participants project inflation will average 6.3% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, panelists expect inflation to average 6.4%.


Author:, Economist

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Belarus Inflation May 2018

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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