Belarus Inflation October 2020


Belarus: Inflation increases to over one-year high in October

November 10, 2020

Consumer prices rose 0.59% over the previous month in October, below September's 0.94% increase. The smaller increase comes on moderating growth in non-food prices. Moreover, services price growth also eased somewhat.

Inflation came in at 6.2% in October, up from September’s 6.1%. October's reading marked the highest inflation rate since May 2019. The print comes in part due to the currency weakness provoked by the current political crisis. Meanwhile, the trend pointed up slightly, with annual average inflation edging up to 5.2% in October (September: 5.1%).

FocusEconomics analysts project inflation to average 5.8% in 2021, which is up 0.3 percentage points from last month’s forecast. In 2022, the panel sees inflation averaging 5.3%.


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Belarus Inflation Chart

Belarus Inflation October 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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