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.
Author: Almanas Stanapedis, Economist