Inflation in Belarus
Belarus - Inflation
Inflation jumps in December
Consumer prices increased 0.8% over the previous month in December, up slightly from November’s 0.6% print. The result reflected higher prices for food and services. In addition, core prices—which exclude volatile components—rose 0.3% month-on-month in December, although slightly down from the 0.4% logged a month prior.
Inflation jumped to 5.6% in December (November: 5.0%). Meanwhile, annual average inflation came in at 4.9%, marginally increasing from November’s 4.8% reading.
FocusEconomics Consensus Forecast participants project inflation will average 5.6% in 2019, which is down 0.1 percentage points from last month’s forecast, and 5.3% 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 | 2.15 | -0.36 % | Jan 16 |
| Stock Market | 0.1 | 0.0 % | Jan 16 |
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Economic News
Belarus: Industrial output slows in December
January 17, 2019
Industrial production growth decelerated to 1.3% year-on-year in December, down from November’s 3.1% expansion. Looking at 2018 as a whole, annual average industrial production grew 5.7%, below 2017’s 6.1%.
Belarus: Inflation jumps in December
January 10, 2019
Consumer prices increased 0.8% over the previous month in December, up slightly from November’s 0.6% print.
Belarus: Economy downshifts in Q3
December 31, 2018
According to a second release by the National Statistical Committee (Belstat), the economy cooled in the third quarter on the heels of robust gains in the second quarter.
Belarus: Central Bank keeps rates unchanged in December
December 19, 2018
At its 19 December meeting, the Board of the National Bank of the Republic of Belarus (NBRB) opted to keep the refinancing rate unchanged at an over one-decade low of 10.0%, in line with analysts’ expectations.
Belarus: Industrial output growth edges up in November
December 17, 2018
Industrial production expanded 3.1% year-on-year in November, up from 2.8% in October.
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