Belarus Inflation February 2021

Belarus

Belarus: Inflation hits highest level since January 2017 in February

March 10, 2021

Consumer prices increased 1.94% in February over the previous month, picking up from the 1.14% increase seen in January. February's uptick was the sharpest increase in prices since February 2016. The uptick was broadly based, with prices for both food and services accelerating significantly.

Inflation came in at 8.6% in February, above January’s 7.7%. February's result was the highest inflation rate since January 2017. Annual average inflation rose to 6.1% in February (January: 5.8%).

FocusEconomics analysts project inflation to average 6.1% 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 February 2021 2

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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