Inflation in Belarus
Belarus - Inflation
Inflation falls in June
Consumer prices fell 0.1% in June following a 0.3% upturn in May. The drop was due to a fall in food prices, which more than offset a jump in service costs. Meanwhile, non-food prices remained stable.
Inflation dropped to 5.7% in June (May: 6.2%), thus moving closer to the Central Bank’s 5.0% target. Meanwhile, annual average inflation edged up to 5.5% in June from 5.3% in May.
FocusEconomics Consensus Forecast panelists project inflation will average 5.8% in 2019, which is unchanged from last month’s forecast, and 5.7% in 2020.
Belarus - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 18.3 | 18.1 | 13.5 | 11.8 | 6.0 |
Belarus Inflation Chart
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).
Belarus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.03 | -0.36 % | Jul 31 |
| Stock Market | 0.1 | 0.0 % | Jul 31 |
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Economic News
Belarus: Contraction of industrial sector eases in June
July 17, 2019
Industrial production fell 0.9% year-on-year in June, following a 3.3% contraction in May.
Belarus: Economy slows in Q2 after maintaining a steady stride in Q1
July 17, 2019
A preliminary estimate showed that the economy lost speed in the first half of the year, with GDP growing a meagre 0.9% on an annual basis in H1Growth in Q1 was revised up to 1.3% over the same quarter last year (previously reported: +1.1% year-on-year), thus the economy maintained the same pace of expansion as in Q4 2018 before losing momentum in the second quarter.
Belarus: Inflation falls in June
July 11, 2019
Consumer prices fell 0.1% in June following a 0.3% upturn in May.
Belarus: Industrial production plummets to a near three-year low in May
June 17, 2019
Industrial production shrank 3.3% year-on-year in May, after April’s 2.1% expansion, owing to a deteriorating in the manufacturing, and mining and quarrying sectors.
Belarus: Inflation speeds up in May
June 10, 2019
Consumer prices rose 0.3% in May, following flat growth in April, largely reflecting higher prices for non-food goods and services. Inflation accelerated to 6.2% in May (April: 5.5%), moving further above the Central Bank’s 5.0% target.
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