Belarus Inflation November 2016

Belarus

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.

FocusEconomics Consensus Forecast participants see inflation averaging 12.3% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, panelists expect inflation to average 10.8%, which is down 0.5 percentage points from last month’s estimate.


Author:, Senior Economist

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Belarus Inflation November 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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