The Inflation Review Bulletin is an expert analysis of inflationary processes in the consumer market. The bulletin depicts the dynamics of price indices, analyzes the drivers of inflationary processes, assesses the nature of monetary conditions, and provides a short-term inflation forecast. The methodological basis for the analysis is the Quarterly Projection Model (QPM) for Belarus.
Inflation in Belarus slowed in Q4-2024 under the influence of government administrative measures. Annual inflation reached 5.2% YoY in December 2024. The annualized quarterly price growth (seasonally adjusted) declined to 4.4% QoQ in Q4-2024. Authorities made minimal increases to regulated…
Inflation in Belarus slowed in Q3-2024 and is expected to settle within the 5.5–6.0% range by the end of the year. Annual inflation stood at 6.0% YoY in September 2024. The annualized quarterly price growth (seasonally adjusted) dropped from 6.0%…
Inflation in Belarus remained subdued in Q2-2024, and it will be 5–7% at the end of 2024. Annual inflation increased from 5.55% (YoY) in March 2024 to 5.84% (YoY) in June 2024, and annualized quarterly price growth (seasonally adjusted) grew…
“Schrödinger’s inflation” poses threats to the macroeconomic stability of Belarus in the medium term. Annual inflation fell from 5.8% (YoY) in December 2023 to 5.6% (YoY) in March 2024, and annualized quarterly price growth (seasonally adjusted) fell from 8.5% (QoQ)…