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
|Inflation Rate (CPI, annual variation in %)||18.1||13.5||11.8||6.0||4.9|
5 years of economic forecasts for more than 30 economic indicators.
Belarus Inflation Chart
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).
|Exchange Rate||2.10||-0.36 %||Dec 31|
|Stock Market||0.1||0.0 %||Jan 07|
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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.
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.
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.
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%.
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.