Belarus: Inflation increases to over one-year high in September
October 11, 2020
Consumer prices rose 0.94% from the previous month in September, accelerating from August's 0.17% rise. September's result marked the sharpest increase in prices since February. The uptick was broad-based, with non-food goods contributing the most.
Inflation came in at 6.1% in September, which was up from August’s 5.6%. September's reading represented the highest inflation rate since May 2019, and was likely spurred in part by the significant currency weakening since the August presidential election which sparked civil unrest. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 5.1% in September (August: 5.0%).
Author: Frederico Teixeira de Abreu, Junior Economist