Belarus Inflation May 2016


Belarus: Inflation moderates in May

June 10, 2016

In May, consumer prices rose 0.5% over the previous month, which came in below April’s 0.7% rise and marked the smallest increase in six months. According to the National Statistical Committee, the figure came on the back of higher prices in all three components of the index.

Inflation edged down in May to 12.4% from 12.6% in April. Annual average inflation inched down to 12.2% (April: 12.3%), which marked the lowest reading in over five years.

The core consumer price index—which strips out prices for more volatile goods, such as seasonal products and government regulated goods—inched up from 0.7% in April to 0.8% in May. Core inflation jumped to 5.7% from April’s 4.8%.

FocusEconomics Consensus Forecast participants see inflation averaging 13.3% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, panelists expect inflation to average 11.4%.

Author: Jean-Philippe Pourcelot, Economist

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Belarus Inflation Chart

Belarus Inflation May 2016

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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