Belarus' inflation up to 5.8% in June

Belarus' inflation up to 5.8% in June

Inflation in Belarus rose ot 5.8% in June / bne IntelliNews

By bne IntelliNews July 12, 2024

Inflation in Belarus rose by 0.6% month-on-month (m/m) in June, with an annual rate of 5.8%, as reported by the National Statistical Committee (Belstat) on July 12. (chart)

The June report detailed sector-specific price changes: food products saw a decrease of 0.8% m/m, non-food products increased by 0.4%, and services prices rose by 0.5%. Y/y (y/y) comparisons showed that food prices increased by 6.4%, non-food products by 4.5%, and services by 6.6%.

Belarus has set a target inflation rate of 6% for 2024 according to its socio-economic development forecast.

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