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Belarus Inflation

Belarus Inflation

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 2025 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 decelerates in September from the prior month

Latest reading: Consumer prices increased 7.1% in annual terms in September, following a 7.2% increase in the prior month. Relative to the previous month's data, there were milder price pressures for transportation (+5.2% yoy vs +6.1% in August) and clothing (+2.5% vs +2.6% in August). In contrast, price pressures were higher for housing, water, electricity, gas and other fuels in September (+10.1% vs +9.6% in August). Finally, the variation in food and non-alcoholic beverages prices was the same as in the prior month (+9.9% in September and August). Finally, consumer prices rose 0.50% in September on a month-on-month basis, following a 0.30% decline in the previous month.

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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