Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
Inflation in Belarus
Consumer price inflation in Belarus averaged 9.2% in the ten years to 2024, in line with the CIS Countries regional average of 7.9%. The 2024 average figure was 5.7%. For more information on inflation, visit our dedicated page.
Belarus Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Belarus from 2024 to 2014.
Source: Macrobond.
Belarus Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 5.6 | 9.4 | 15.2 | 5.2 | 5.7 |
| Inflation (CPI, ann. var. %, eop) | 7.4 | 10.0 | 12.8 | 5.8 | 5.2 |
Inflation reaches over two-year high in July
Latest reading: Inflation ticked up to 7.4% in July from June’s 7.3%. July's figure was the highest inflation rate since February 2023. Looking at the details of the release, the rise was broad-based as prices for food and non-alcoholic beverages, housing and utilities plus transport rose at faster paces. Moreover, annual average inflation ticked up to 6.1% in July (June: 6.0%). Finally, consumer prices rose 0.20% over the previous month in July, moderating from the 0.90% rise recorded in June. July's result marked the softest rise in prices since August 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belarusian inflation projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Belarusian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belarusian inflation projections.
Want to get access to the full dataset of Belarusian inflation forecasts? Send an email to info@focus-economics.com.
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