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Belarus Inflation December 2020

Belarus: Inflation hits highest level since January 2017 in December

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%).

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