Belarus Inflation September 2020

Belarus

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%).

FocusEconomics Consensus Forecast participants project inflation will average 5.6% in 2020, which is down 0.1 percentage points from last month’s forecast, and 5.65.5% in 2021, which is up 0.1 percentage points from the previous month’s estimate.


Author:, Junior Economist

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Belarus Inflation September 20 20 12

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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