The annual inflation rate in Belarus rose further to 7.4 percent in December of 2020 from 6.6 percent in the previous month. It was the highest inflation rate since January of 2017. Upward pressure came from prices of services (8.4 percent vs 7.4 percent in November); non-food products (8.1 percent, the same pace as in November) and food products (6.2 percent vs 5.1 percent). On a monthly basis, consumer prices were up 1.2 percent, after increasing 0.7 percent in the previous month. source: National Statistical Committee of the Republic of Belarus
Inflation Rate in Belarus averaged 226.36 percent from 1992 until 2020, reaching an all time high of 2795.63 percent in August of 1994 and a record low of 4.10 percent in June of 2018. This page provides the latest reported value for - Belarus Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Belarus Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Inflation Rate in Belarus is expected to be 6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Belarus to stand at 6.20 in 12 months time. In the long-term, the Belarus Inflation Rate is projected to trend around 5.20 percent in 2022, according to our econometric models.