Belarus Inflation August 2022

Belarus

Belarus: Inflation slides in August

September 9, 2022

Inflation came in at 17.9% in August, down from July’s 18.1%. The drop was due to a slight deceleration in prices for food, as well as housing and utilities.

Meanwhile, the trend pointed up, with annual average inflation coming in at 13.8% in August (July: 13.1%). Finally, consumer prices rose 0.05% from the previous month in August, slowing down from the 0.50% increase logged in July. August's result marked the lowest reading since May 2020.

FocusEconomics analysts project inflation to average 17.8% in 2022, which is unchanged from last month’s forecast. In 2023, the panel sees inflation averaging 13.9%.


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Belarus Inflation August 2022 2

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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