EDB: Annual inflation in Belarus slows down

In Belarus, annual inflation slowed down to 5.5% in November, as against 5.9% in October, BelTA learned from the weekly macro review of the Eurasian Development Bank (EDB).

“Inflation slowed down across all key components of the consumer basket. Annual increase in food prices came at 6.7%, down from 7.2% a month earlier due to a significant slowdown in the prices for seasonal fruits and vegetables (4.7% in November, 11% in October). Annual inflation for non-food products amounted to 3.7% in November, down from 4.1% a month earlier. The segment of paid services also posted a slowdown in inflation to 5.8% in November after 6% in October,” the macro review reads. 

EDB analysts predict that the inflation in Belarus will be within the target. As it has been reported, consumer price growth in Belarus in 2024 is expected under 6%.