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Belarus Inflation November 2020

Belarus: Inflation hits highest level since February 2017 in November

Consumer prices rose 0.66% over the previous month in November, picking up from the 0.59% increase logged in October. The slight uptick was driven by greater price increases for both food and services. Contrastingly, non-food price growth eased somewhat.

Inflation came in at 6.6% in November, which was up from October’s 6.2%. November’s figure represented the highest inflation rate since February 2017. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 5.3% in November (October: 5.2%). Rising inflation in recent months is likely linked to the depreciation of the currency amid political instability.

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