Inflation in Belarus
Belarus - Inflation (end of period)
Inflation comes in at highest level since October 2021 in January
Consumer prices rose 1.53% over the previous month in January, picking up from December's 0.87% rise. January's uptick was the highest reading since February 2021. Looking at the breakdown, the acceleration in price pressures was felt across all components, with the most notable increase registered in prices for services.
Inflation came in at 10.4% in January, which was up from December’s 10.0%. January's result was the highest inflation rate since October 2021. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 9.7% in January (December: 9.5%).
FocusEconomics analysts project inflation to average 8.6% in 2022, which is up 0.2 percentage points from last month’s forecast. In 2023, the panel sees inflation averaging 6.6%.
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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April 1, 2022
The Belarusian ruble continued to lose ground against the U.S. dollar over the past month, plummeting to an all-time low of 3.33 per USD in mid-March, amid a spiraling sovereign debt crisis due to the fallout from the Russia-Ukraine war.
Belarus: Belarusian ruble collapses amid war in Ukraine; Central Bank hikes rate by 275 basis points to 12.00%
March 4, 2022
On 28 February, four days after war broke out in Ukraine, the National Bank of the Republic of Belarus had its first meeting in seven months.
February 16, 2022
Industrial output expanded 7.2% year-on-year in January (December: +4.3% yoy).
February 10, 2022
Consumer prices rose 1.53% over the previous month in January, picking up from December's 0.87% rise.
January 17, 2022
Industrial output increased 4.3% in year-on-year terms in December, which was above November's 2.7% increase.