Belarus’ govt hopes to keep annual inflation at 5% in 2021-2025
<p> MINSK, Jan 6 - PrimePress. The government of Belarus and the National Bank of Belarus (NBB) plans to keep annual inflation at 5% in 2021-2025, according to the government action plan for the period to 2025 approved by Council of Ministers’ resolution No.758 of December 24, 2020 posted on the National Legal Internet Portal. </p> <p> </p> <p> The government plans to curb prices, among other things, by means of stock trading and hedging risks when selling commodities and raw materials on the commodity exchange in 2021-2023. </p> <p> </p> <p> It is planned to control pricing, including prices of socially important goods, and to reduce the seasonal volatility of prices, including by means of tighter supply management in the food market. </p> <p> </p> <p> As previously reported, inflation in Belarus was at 0.7% in November 2020; at 6.1% in January-November 2020. Prices rose by 6.6% year on year in November 2020 and by 5.4% y/y in January-November 2020. The official inflation forecast for 2020 was 5%. Later, the National Bank of Belarus assumed that it could grow to 6%. Prime Minister of Belarus Roman Golovchenko said in November that inflation could reach 10% by the end of 2020. End </p>
2021-01-07
Primepress
Belarus’ govt hopes to keep annual inflation at 5% in 2021-2025
MINSK, Jan 6 - PrimePress. The government of Belarus and the National Bank of Belarus (NBB) plans to keep annual inflation at 5% in 2021-2025, according to the government action plan for the period to 2025 approved by Council of Ministers’ resolution No.758 of December 24, 2020 posted on the National Legal Internet Portal.
The government plans to curb prices, among other things, by means of stock trading and hedging risks when selling commodities and raw materials on the commodity exchange in 2021-2023.
It is planned to control pricing, including prices of socially important goods, and to reduce the seasonal volatility of prices, including by means of tighter supply management in the food market.
As previously reported, inflation in Belarus was at 0.7% in November 2020; at 6.1% in January-November 2020. Prices rose by 6.6% year on year in November 2020 and by 5.4% y/y in January-November 2020. The official inflation forecast for 2020 was 5%. Later, the National Bank of Belarus assumed that it could grow to 6%. Prime Minister of Belarus Roman Golovchenko said in November that inflation could reach 10% by the end of 2020. End