Annual Inflation in Belarus Accelerated to 4.7% in September

The consumer price index rose by 0.3% in October compared with September, according to data released by Belstat. The annual rate of price growth also continued to increase.

Annual inflation stood at 4.7% in September, compared with 4.6% in August.

Since the beginning of the year, the consumer price index has risen by 3.9%. As a reminder, the Ministry of Antimonopoly Regulation and Trade (MART) has set monthly limits on permissible price increases. The limit for October was 5.5%.

Core inflation, which excludes changes in prices for seasonal and regulated goods and services, stood at 0.4% in October, down 0.1 percentage points from September. Since the beginning of the year, it has reached 4.3%.

In October, compared with September, food prices rose by 0.5%, non-food prices increased by 0.6%, while service prices fell by 0.3%.

Since the beginning of the year, food prices have risen by 1.3%, non-food prices by 4%, and service tariffs by 8.2%.

Over the year, food prices increased by 2.5%, non-food prices by 4.4%, and service tariffs by 8.7%.

As a reminder, the inflation target for 2026 is no more than 7%.