Inflation in Belarus
Belarus - Inflation
Inflation falls to 19-month low in February
Consumer prices rose 1.0% over the previous month in February, largely in line with January’s 0.9% increase but marking the strongest rise since February 2019. The result was largely led by higher prices for services, with prices for both food and non-food goods increasing more marginally.
Inflation fell to a 19-month low of 4.4% in February, from 4.7% in the opening month of this year. As a result, it moved further below the Central Bank’s 5.0% target. Meanwhile, annual average inflation ticked down to 5.4% in February, from 5.5% in January.
FocusEconomics Consensus Forecast participants project inflation will average 5.4% in 2020, which is up 0.1 percentage points from last month’s forecast, and 5.2% in 2021.
Belarus - Inflation Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 18.1 | 13.5 | 11.8 | 6.0 | 4.9 |
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: Industrial production edges down in February
March 17, 2020
Industrial production fell 0.8% on an annual basis in February, following a marked 5.8% dip in the opening month of the year, which had marked the sharpest contraction since November 2015.
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Belarus: Inflation falls to 19-month low in February
March 10, 2020
Consumer prices rose 1.0% over the previous month in February, largely in line with January’s 0.9% increase but marking the strongest rise since February 2019.
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Belarus: Industrial production slumps at sharpest rate in over four years in January
February 18, 2020
Industrial production fell 5.8% on an annual basis in January, swinging from the previous month’s 4.3% expansion and marking the sharpest contraction since November 2015 amid a broad-based downturn.
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Belarus: Central Bank cuts refinancing rate to fresh record low in February
February 12, 2020
At its 12 February meeting, the National Bank of the Republic of Belarus (NBRB) trimmed the refinancing rate by 25 basis points to an all-time low of 8.75%.
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Belarus: Inflation remains stable in January
February 10, 2020
Consumer prices rose 0.9% over the previous month in January, accelerating slightly from December’s 0.5% uptick and marking the strongest increase in nearly a year.
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