The annual inflation rate in Belarus eased to 8.5 percent in March of 2021, still near the over 4-year high of 8.7 percent hit in the previous month and above the central bank’s target of 5 percent by the end of the year. Prices continued to increase for non-food products (9.5 vs 9.4 percent in February), food products (7.8 percent, the same as in February), and for services (8.2 percent vs 9.2 percent). On a monthly basis, consumer prices went up 0.7 percent, easing from a 1.9 percent gain in the previous month. source: National Statistical Committee of the Republic of Belarus

Inflation Rate in Belarus averaged 224.50 percent from 1992 until 2021, 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 April of 2021.

Inflation Rate in Belarus is expected to be 9.00 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 6.50 in 12 months time. In the long-term, the Belarus Inflation Rate is projected to trend around 5.80 percent in 2022 and 5.20 percent in 2023, according to our econometric models.

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Belarus Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.50 8.70 2795.63 4.10 1992 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-13 01:00 PM Dec 7.4% 6.6% 6.5%
2021-02-10 01:00 PM Jan 7.7% 7.4% 7.3%
2021-03-11 07:30 AM Feb 8.7% 7.7% 7.8%
2021-04-09 01:00 PM Mar 8.5% 8.7% 8.9%
2021-05-11 01:00 PM Apr 8.5% 9.2%
2021-06-10 01:00 PM May
2021-07-09 01:00 PM Jun
2021-08-10 01:00 PM Jul


News Stream
Belarus Inflation Rate Eases in March
The annual inflation rate in Belarus eased to 8.5 percent in March of 2021, still near the over 4-year high of 8.7 percent hit in the previous month and above the central bank’s target of 5 percent by the end of the year. Prices continued to increase for non-food products (9.5 vs 9.4 percent in February), food products (7.8 percent, the same as in February), and for services (8.2 percent vs 9.2 percent). On a monthly basis, consumer prices went up 0.7 percent, easing from a 1.9 percent gain in the previous month.
2021-04-09
Belarus February Inflation Rate at 4-Year High
The annual inflation rate in Belarus rose further to 8.7 percent in February of 2021 from 7.7 percent in the previous month. It was the highest rate since January of 2017. Upward pressure came from prices of services (9.2 percent vs 8 percent in January); non-food products (9.4 percent vs 8.7 percent); and food products (7.8 percent vs 6.6 percent). On a monthly basis, consumer prices were up 1.9 percent, after increasing 1.1 percent in the previous month.
2021-03-11
Belarus January Inflation Rate at 4-Year High
The annual inflation rate in Belarus rose further to 7.7 percent in January of 2021 from 7.4 percent in the previous month. It was the highest inflation rate since January of 2017, driven by prices of non-food products (8.7 vs 8.1 percent) and food products (6.6 percent vs 6.2 percent), while prices increased at a slower rate for services (8 percent vs 8.4 percent). On a monthly basis, consumer prices were up 1.1 percent, after increasing 1.2 percent in the previous month.
2021-02-10
Belarus December Inflation Rate at Near 4-Year High
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.
2021-01-13

Belarus Inflation Rate
In Belarus the most important category in the Consumer Price Index is Foodstuffs (39.1 percent of total weight). Other goods and services account for 15.7 percent; Clothing, footwear and fabrics for 8.3 percent; Household goods, household appliances and home care for 6.6 percent; and Housing and utilities for 6 percent. Consumer Price Index in Belarus also includes Culture, recreation and sport (5.4 percent); Communication (4.7 percent) and Health (4.2 percent). Alcoholic beverages and tobacco products; Eating out (catering); Public transport services; and Education account for the remaining 10 percent of total weight.