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 declined significantly in Q3-2025 and is expected to settle near 7.5% YoY by the end of 2025. Annual inflation stood at 7.1% YoY in September 2025. The annualized quarterly price growth slowed more than twofold – to…
Inflation in Belarus increased in Q2-2025 and is moving toward the upper bound of the 7–9% YoY forecast range for the end of 2025. Annual inflation stood at 7.3% YoY in June 2025. The annualized quarterly price growth rose to…
Inflation in Belarus accelerated in Q1-2025, and the chances of it rising closer to 8% YoY or slightly higher by the end of 2025 have increased Annual inflation stood at 5.9% YoY in March 2025. The annualized quarterly price growth…