Inflation in Belarus
Belarus - Inflation
Inflation moderates in May
Consumer prices dipped 0.1% in May over the last month, contrasting April’s 0.6% increase. The negative print reflected falling prices for food and services.
Inflation eased to 4.9% in May, down from 5.4% in April, which had marked the highest reading since August 2019. Meanwhile, annual average inflation edged down to 5.2% from 5.3% a month prior.
FocusEconomics Consensus Forecast participants project inflation will average 6.5% in 2020, which is up 0.1 percentage points from last month’s forecast, and 5.8% in 2021.
Belarus - Inflation Data
|Inflation Rate (CPI, annual variation in %)||13.5||11.8||6.0||4.9||5.6|
5 years of economic forecasts for more than 30 economic indicators.
Belarus Inflation Chart
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).
|Exchange Rate||2.10||-0.36 %||Dec 31|
|Stock Market||0.1||0.0 %||Jan 07|
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June 22, 2020
At an emergency meeting on 22 June, the National Bank of the Republic of Belarus (NBRB) trimmed the refinancing rate by 25 basis points to an all-time low of 7.75%, effective on 1 July.
June 17, 2020
Industrial production declined 4.3% year-on-year in May (April: -7.1% yoy).
June 11, 2020
Consumer prices dipped 0.1% in May over the last month, contrasting April’s 0.6% increase.
June 10, 2020
Consumer prices increased 0.19% over the previous month in June, contrasting the 0.10% fall logged in May.
May 18, 2020
Industrial production nosedived 7.1% year-on-year in April (March: -1.5% year-on-year).