Belarus: Inflation shoots up in June following May's multi-year low
July 12, 2017
Consumer prices rose 0.7% in June over the previous month following May’s 0.3% increase. According to the National Statistical Committee, June’s result was driven primarily by higher prices for food and beverages, hotel and restaurant services, and social protection.
Mirroring the month-on-month change in consumer prices, inflation shot up to 6.5% in June from 6.1% in May. The increase was not enough to pull up annual average inflation, however, which came in at an over-six year low of 9.1% in June (May: 9.5%).
Author: Nihad Ahmed, Economist