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