Belarus Inflation December 2020


Belarus: Inflation hits highest level since January 2017 in December

January 13, 2021

Consumer prices increased 1.23% in December over the previous month, accelerating from the 0.66% rise logged in November. December's reading marked the sharpest increase in prices since February 2019. The uptick came mainly on higher prices for services.

Inflation came in at 7.4% in December, up from November’s 6.6%. December's reading represented the highest inflation rate since January 2017, and was likely spurred by substantial currency weakening last year. Annual average inflation edged up to 5.5% in December (November: 5.3%).

FocusEconomics analysts project inflation to average 5.8% in 2021, which is up 0.2 percentage points from last month’s forecast. In 2022, the panel sees inflation averaging 5.5%.


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Belarus Inflation Chart

Belarus Inflation December 20 20 0

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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