Belarus Inflation August 2020

Belarus

Belarus: Inflation rises to one-year high in August

September 10, 2020

Consumer prices increased 0.17% from the previous month in August, marginally lower than July’s 0.19% rise. August’s result was driven by rising prices for services and non-food goods, which outweighed lower food prices.

Inflation rose to 5.6% in August, marking the highest reading in one year (July: 5.2%). Meanwhile, annual average inflation was stable at July's 5.0%.

FocusEconomics Consensus Forecast participants project inflation will average 5.7% in 2020, which is from last month’s forecast, and 5.4% in 2021.


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Belarus Inflation August 20 20 0

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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