Belarus: Inflation rises in November
December 9, 2016
Consumer prices in Belarus rose 0.8% in November from the previous month, mirroring October’s increase. According to the National Statistical Committee, November’s increase was due to higher prices for food, non-food items and services.
Inflation picked up in November, rising to 11.4% from 11.0% in October, while annual average inflation was 12.0%, matching October’s result. The month-on-month variation in the core consumer price index—which excludes prices for more volatile goods, such as seasonal products and government regulated goods—dropped to 0.7% in November from 0.9% in October. Core inflation jumped from October’s 9.1% to 9.9% in November, the highest figure in almost a year.
Author: Dirina Mançellari, Senior Economist