Belarus Inflation August 2018

Belarus

Belarus: Inflation jumps in August

September 10, 2018

Consumer prices rose 0.1% over the previous month in August, swinging from a 0.2% contraction in July. August’s print was driven by higher non-food prices which more than outweighed lower prices for food. Meanwhile, core prices, which exclude volatile components, rose 0.3% month-on-month in August, down slightly from the 0.4% increase in July.

Inflation rose markedly from the previous month’s 4.1% to 5.0% in August. Meanwhile, annual average inflation edged down to a new record low of 4.7% in August from 4.8% in July.

FocusEconomics Consensus Forecast participants project inflation will average 5.7% in 2018. For 2019, panelists expect inflation to average 5.8%, unchanged from the previous month’s forecast.


Author:, Economist

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Belarus Inflation August 2018 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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