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.

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Belarus Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.40 6.60 2795.63 4.10 1992 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-12 01:00 PM Sep 6.1% 5.6% 5.8%
2020-11-10 01:00 PM Oct 6.2% 6.1% 6.1%
2020-12-10 01:00 PM Nov 6.6% 6.2% 6.3%
2021-01-13 01:00 PM Dec 7.4% 6.6% 6.5%
2021-02-10 01:00 PM Jan 7.4%
2021-03-10 01:00 PM Feb
2021-04-09 01:00 PM Mar
2021-05-11 01:00 PM Apr


News Stream
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 Quickens to Near 4-Year High
The annual inflation rate in Belarus soared to 6.6 percent in November of 2020 from 6.2 percent in October. It was the highest inflation rate since February of 2017, pushed up by prices of non-food products (8.1 percent vs 7.5 percent in October), services (7.4 percent vs 7.1 percent) and food (5.1 percent vs 4.6 percent). On a monthly basis, consumer prices were up 0.7 percent, after increasing 0.6 percent in the previous month.
2020-12-10
Belarus October Inflation Rate at Near 1-1/2-Year High
The annual inflation rate in Belarus rose to 6.2 percent in October of 2020 from 6.1 percent in September. It was the highest inflation rate since May of 2019, driven by prices of non-food products (7.5 percent vs 6.8 percent in September) and services (7.1 percent vs 6.9 percent). Meanwhile, inflation slowed for food (4.6 percent vs 5 percent). On a monthly basis, consumer prices were up 0.6 percent, following a 0.9 percent increase in the prior month.
2020-11-10
Belarus Inflation Rate at Near 1-1/2-Year High of 6.1%
The annual inflation rate in Belarus rose to 6.1 percent in September of 2020 from 5.6 percent in the previous month. It was the highest inflation rate since May of 2019, as prices continued to advance for food (5 percent vs 4.6 percent in August) and non-food products (6.8 percent vs 5.7 percent). Meanwhile, inflation slowed slightly for services (6.9 percent vs 7.1 percent). On a monthly basis, consumer prices were up 0.9 percent.
2020-10-12

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.