Фото: ЕАБР
Analysts at the Eurasian Development Bank have identified the reasons for the slowdown in inflation in Belarus in June. Annual inflation stood at 4.3% at the end of last month, its lowest level since October 2023.
“The main contribution came from a slowdown in food inflation to 3.4% year on year from 4.9% a month earlier. This was supported by an 11.5% year-on-year decline in fruit and vegetable prices, following a 7.8% fall in May. Lower prices for certain categories of goods were partly linked to the 6.1% year-on-year strengthening of the Belarusian ruble in June,” the EDB said in its weekly review of the economies of its member countries.
The rate of price growth for non-food goods was unchanged, while services inflation accelerated amid rising wages. Core inflation also slowed to 4.8% from 5.3%.
EDB experts said this “indicates that disinflationary processes are sustainable.” The bank expects inflation to remain below the 7% target by the end of the year.