Belarus Inflation July 2018


Belarus: Inflation stays at a record low in July

August 10, 2018

Consumer prices fell 0.2% over the previous month in July, contrasting the 0.4% rise recorded in June. July’s result marked the second contraction so far this year and was driven by lower food prices. Meanwhile, core prices, which exclude volatile components, rose 0.4% month-on-month in July, down from the 0.5% increase in June.

Inflation remained stable at the previous month’s 4.1% in July, marking the lowest print on record. Meanwhile, annual average inflation dropped to a new record low of 4.8% in July, from 4.9% in June.

FocusEconomics Consensus Forecast participants project inflation will average 5.7% in 2018, which is down 0.2 percentage points from last month’s forecast. For 2019, panelists expect inflation to average 5.8%.

Author:, Research Team Manager

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Belarus Inflation Chart

Belarus Inflation July 2018

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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