Belarus Inflation January 2021


Belarus: Inflation increases in January, reaching highest level since January 2017

February 10, 2021

Consumer prices increased 1.14% in January over the previous month, down from the 1.23% rise logged in December. The slight downtick came amid a significant easing in momentum in prices for services, while non-food price growth accelerated.

Inflation came in at 7.7% in January, up from December’s 7.4%. January's reading represented the highest inflation rate since January 2017. Annual average inflation edged up to 5.8% in January (December: 5.5%).

FocusEconomics analysts project inflation to average 5.9% in 2021, which is up 0.1 percentage points from last month’s forecast. In 2022, the panel sees inflation averaging 5.4%.


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Belarus Inflation Chart

Belarus Inflation January 2021 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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