Belarus Inflation January 2020


Belarus: Inflation remains stable in January

February 10, 2020

Consumer prices rose 0.9% over the previous month in January, accelerating slightly from December’s 0.5% uptick and marking the strongest increase in nearly a year. The upturn was chiefly driven by faster food price growth and a slightly stronger increase in prices for non-food goods. Meanwhile, services price growth lost some pace in January.

Inflation was unchanged at the previous month’s 18-month low of 4.7% in January, thus remaining below the Central Bank’s 5.0% target. Meanwhile, annual average inflation ticked down to 5.5% at the outset of the year, from 5.6% in December.

FocusEconomics Consensus Forecast participants project inflation will average 5.3% in 2020, which is down 0.1 percentage points from last month’s forecast, and 5.1% in 2021.

Author:, Economist

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