Inflation in Belarus
Consumer price inflation in Belarus averaged 10.9% in the ten years to 2022, above the Eastern Europe regional average of 7.7%. The 2022 average figure was 15.2%. For more inflation information, visit our dedicated page.
Belarus Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Belarus from 2017 to 2014.
Source: Macrobond.
Belarus Inflation Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 5.6 | 5.6 | 9.4 | 15.2 | 5.2 |
Inflation (CPI, ann. var. %, eop) | 4.7 | 7.4 | 10.0 | 12.8 | 5.8 |
Inflation comes in at a five-month high in June
Inflation came in at 5.8% in June, which was up from May’s 5.7%. June's result was the highest inflation rate since January 2023. Looking at the details of the release, faster price pressures for clothing and footwear, as well as food and non-alcoholic beverages, drove the increase, outweighing softer transportation price growth. Accordingly, the trend pointed up, with annual average inflation coming in at 4.7% in June (May: 4.4%). Finally, consumer prices increased 0.60% in June over the previous month, accelerating from May's 0.10% rise. June's uptick marked the highest reading since February.
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 11 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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