Belarus Inflation June 2017

Belarus

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%).

FocusEconomics Consensus Forecast participants see inflation averaging 9.2% in 2017, which is unchanged from last month’s forecast. In 2018, panelists expect inflation to average 8.8%.


Author:, Economist

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Belarus Inflation June 2017

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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