Inflation In Belarus At 11.8% In 2016

tsum_vas_tutby_phsl_26072016_img_0726In 2016 the index of consumer prices for goods and services totaled 111.8% as against 2015, the National Statistics Committee told the media. The projected inflation rate for 2016 was 12%.

In 2016 food prices rose by 10.4% in comparison with 2015. Non-food prices went up by 9.4% while prices for services rose by 19.7%.

In December 2016 consumer prices for goods and services rose by 0.5% as against November 2016 and 10.6% as against December 2015.

At the same time in December deflation was observed with the prices of non-food products (-0.6%). However, they went up by a of total 6.8% in 2016.

In 2015 inflation in Belarus amounted to 12%, and in 2014 the figure was at 16.2%. This year, as predicted, the prices are expected to rise by no more than 9%.