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%.
Author: Almanas Stanapedis, Research Team Manager