The annual inflation rate in Belarus rose to 5.6 percent in December of 2018 from 5 percent in the previous month. It was the highest inflation rate since September, as prices advanced faster for food (5.7 percent from 5.2 percent in November); non-food products (3.8 percent from 3 percent) and services (8.1 percent from 7.4 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.6 percent increase in the previous month. Inflation Rate in Belarus averaged 242.72 percent from 1992 until 2018, reaching an all time high of 2795.63 percent in August of 1994 and a record low of 4.10 percent in June of 2018.
Inflation Rate in Belarus is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Belarus to stand at 5.10 in 12 months time. In the long-term, the Belarus Inflation Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.