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 – by 0.4%, while August saw a 0.1% deflation. In September consumer prices resumed growth at 0.7%, and at 0.8% in October.
Belstat says food prices grew by 1.5% MoM in November, and by 9.4% YoY in January-November.
Non-food prices grew by 0.1% MoM in November (by 7.4% YoY), and by 7.4% YoY in January-November.
The tariffs on for-fee services increased by 0.3% MoM in November (by 16.3% YoY).
Belarus’ core CPI (does not depend on variables, especially seasonal factors and administratively-controlled price-formation) stood at 100.7% in November, at 109.9% in January-November.
The official inflation forecast for 2016 stands at 12%. Belarus’ government had originally expected inflation growth to stay under 11% in 2014, however Belarus’ consumer prices grew by 16.2%. Belarus’ 2015 inflation growth was supposed to stay under 12% and the forecast was fulfilled. Belarus’ government hopes to keep inflation growth within 9% in 2017. (Prime-TASS/Business World Magazine)
