World Economy

Inflation in Belarus

Inflation in Belarus Inflation in Belarus

Inflation in Belarus in December 2014 totaled 0.6% primarily due to rising prices for paid services, BelTA learned from Alexei Yarkovets, Head of the Central Office for Price Statistics of the National Statistics Committee of Belarus, on January 10.

Food prices rose by 0.1% while non-food prices went up by 0.6%. Paid services rose by 2%. “An increase in consumer price index was registered in December primarily due to services,”  he said.

BelTA reported earlier that a prohibition against raising prices for consumer products during the Christmas and New Year celebration season — till  January 15, 2015 — was issued in Belarus in December 2014. Belarus President Alexander Lukashenko stated that the price control policy will never go away.

In 2014 inflation in Belarus totaled 16.2% (16.5% in 2013). Inflation was 1.6% in January 2014, 2% in February, 1.3% in March, 1.6% in April, 2.2% in May, 1.2% in June, 0.9% in July, 0.8% in August, 1.2% in September, 1.2% in October, and 0.6% in November.