Latest reading: Harmonized consumer prices increased 3.2% in annual terms in June, following a 3.7% rise in the previous month....
Inflation in Belarus
Consumer price inflation in Belarus averaged 9.2% in the ten years to 2024, in line with the CIS Countries regional average of 7.9%. The 2024 average figure was 5.7%. For more information on inflation, visit our dedicated page.
Belarus Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Belarus from 2014 to 2025.
Source: Macrobond.
Belarus Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 9.4 | 15.2 | 5.2 | 5.7 | 6.7 |
| Inflation (CPI, ann. var. %, eop) | 10.0 | 12.8 | 5.8 | 5.2 | 6.8 |
Inflation eases in June from May
Latest reading: Consumer prices rose 4.3% in annual terms in June, following a 4.8% increase in the previous month. June's reading was the weakest since October 2023. Relative to the previous month's data, there were reduced price pressures for food and non-alcoholic beverages (+2.7% in annual terms vs +4.5% in May) and clothing (+1.8% vs +2.0% in May). In contrast, there were higher price pressures for housing, water, electricity, gas and other fuels (+10.3% vs +10.1% in May) and transportation (+4.7% vs +4.2% in May). Finally, consumer prices rose 0.30% in June on a month-on-month basis, following a 0.10% increase in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belarusian inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Belarusian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belarusian inflation projections.
Want to get access to the full dataset of Belarusian inflation forecasts? Send an email to info@focus-economics.com.
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