Latest reading: Inflation fell to 19.8% in May from April’s 22.2%, marking a near two-year low. Resumed Central Bank intervention...
Inflation in Belarus
In the year 2024, the inflation in Belarus was 5.70%, compared to 18.10% in 2014 and 5.24% in 2023. It averaged 9.20% over the last decade. For more inflation information, visit our dedicated page.
Belarus Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Belarus from 2017 to 2014.
Source: Macrobond.
Belarus Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 5.6 | 5.6 | 9.4 | 15.2 | 5.2 |
| Inflation (CPI, ann. var. %, eop) | 4.7 | 7.4 | 10.0 | 12.8 | 5.8 |
Inflation rises to over two-year high in May
Latest reading: Inflation climbed to 7.1% in May from April’s 6.5%, rising further above the 5.0% upper bound of the government’s target. May's reading was the highest inflation rate since February 2023. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a faster pace in May—likely reflecting frosts damaging crop yields in early 2025—as did textile costs. Still, a softer rise in transport prices cushioned the upturn. As a result, annual average inflation edged up to 5.9% in May (April: 5.7%). Lastly, consumer prices rose 0.70% over the previous month in May, below April's 1.00% increase. May's result marked the joint-weakest reading since December 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belarusian inflation projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Belarusian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belarusian inflation projections.
Want to get access to the full dataset of Belarusian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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