Belarus saw a 0.4% inflation growth in July and 7.8% in January-July, the National Statistics Committee (Belstat) said.
In January Belarus’ consumer prices grew by 1.9%, in February – by 2.9%, in March – by 0.8%, in April – by 0.7%, in May – by 0.5%, in June – by 0.4%.
In July Belarus’ consumer prices grew by 12.2% YoY.
Belstat said food prices grew by 0.2% MoM in July (by 10.5% YoY), and by 5.8% in January-July. Non-food prices grew by 0.7% MoM in July (by 10.1% YoY), and by 6.2% in January-July.
The tariffs on for-fee services grew by 0.2% MoM in July (by 20.1% YoY), and by 15.2% in January-July.
Belarus’ core CPI (does not depend on variables, especially seasonal factors and administratively-controlled price-formation) stood at 100.6% in July, and 106.7% in January-July.
The official inflation forecast for 2016 stands at 12%. Belarus’ government had originally expected inflation growth to stay under 11% in 2014, however consumer prices grew by 16.2%. Belarus’ 2015 inflation growth was supposed to stay under 12% and the forecast was fulfilled. (Prime-TASS/Business World Magazine)