Inflation in Belarus
Belarus - Inflation (end of period)
Inflation hits highest level since January 2017 in December
Consumer prices increased 1.23% in December over the previous month, accelerating from the 0.66% rise logged in November. December's reading marked the sharpest increase in prices since February 2019. The uptick came mainly on higher prices for services.
Inflation came in at 7.4% in December, up from November’s 6.6%. December's reading represented the highest inflation rate since January 2017, and was likely spurred by substantial currency weakening last year. Annual average inflation edged up to 5.5% in December (November: 5.3%).
FocusEconomics analysts project inflation to average 5.8% in 2021, which is up 0.2 percentage points from last month’s forecast. In 2022, the panel sees inflation averaging 5.5%.
Belarus - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||12.0||10.6||4.6||5.6||4.7|
5 years of economic forecasts for more than 30 economic indicators.
Belarus Inflation (eop) 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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February 16, 2021
Industrial production expanded 8.5% year-on-year in January (December: -0.7% yoy).
January 19, 2021
Industrial output dropped 0.7% in year-on-year terms in December, which was a deterioration from November's 4.3% increase.
January 18, 2021
A preliminary estimate revealed the economy shrank 0.9% in 2020 as a whole, improving from the 1.2% decrease observed in the first three quarters of the year and suggesting the economy picked up pace in Q4.
January 13, 2021
Consumer prices increased 1.23% in December over the previous month, accelerating from the 0.66% rise logged in November.
December 30, 2020
A second estimate revealed the economy shrank 0.2% year-on-year in the third quarter of 2020, easing from the second quarter’s 3.3% decrease.