Belarus Inflation July 2019

Belarus

Belarus: Inflation rises in July

August 12, 2019

Consumer prices rose 0.2% over the previous month in July, following a 0.1% month-on-month drop in June. A rebound in food prices and a faster rise in service costs drove the upturn, more than offsetting a decline in the prices for non-food goods.

Inflation rose to 6.0% in July from 5.7% in June, thus moving further above the Central Bank’s 5.0% target. Meanwhile, annual average inflation inched up to 5.6% in July from 5.5% in June.

FocusEconomics Consensus Forecast panelists project inflation will average 5.8% in 2019, which is unchanged from last month’s forecast, and 5.7% in 2020.


Author:, Economist

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Belarus Inflation July 2019

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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