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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 13.5 | 11.8 | 6.0 | 4.9 | 5.6 |
Belarus Inflation Chart
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).
Belarus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.10 | -0.36 % | Dec 31 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Belarus: Central Bank cuts refinancing rate to fresh record low in June
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.
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Belarus: Industrial output decreases in May
June 17, 2020
Industrial production declined 4.3% year-on-year in May (April: -7.1% yoy).
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Belarus: Inflation moderates in May
June 11, 2020
Consumer prices dipped 0.1% in May over the last month, contrasting April’s 0.6% increase.
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Belarus: Inflation rises in June
June 10, 2020
Consumer prices increased 0.19% over the previous month in June, contrasting the 0.10% fall logged in May.
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Belarus: Industrial output drops at sharpest pace since November 2015 in April
May 18, 2020
Industrial production nosedived 7.1% year-on-year in April (March: -1.5% year-on-year).
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