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
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (CPI, annual variation in %, eop) | 12.0 | 10.6 | 4.6 | 5.6 | 4.7 |
Belarus Inflation (eop) 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 output records quickest growth since February 2018 in January
February 16, 2021
Industrial production expanded 8.5% year-on-year in January (December: -0.7% yoy).
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Belarus: Industrial activity drops at sharpest rate since May in December
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.
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Belarus: Economic momentum improves in Q4, but mild contraction still recorded for 2020 as a whole
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.
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Belarus: Inflation hits highest level since January 2017 in December
January 13, 2021
Consumer prices increased 1.23% in December over the previous month, accelerating from the 0.66% rise logged in November.
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Belarus: GDP contraction eases significantly in Q3
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.