Inflation in Belarus to remain at 5% amid slack domestic demand and weak pricing environment abroad – EDB
<p> MINSK, Jul 22 - PrimePress. Inflation in Belarus will remain at 5% in the coming months, as disinflationary factors–slack domestic demand and a weak pricing environment abroad–prevail, reads the June outlook by the Eurasian Development Bank (EDB). </p> <p> </p> <p> Inflation in Belarus increased in June 2020 to 5.2% from 4.9% in May mainly due to the effect of the low comparative base. Prices of fruits and vegetables decreased significantly in June 2019 because of the early harvest deliveries. The growth rate of the core consumer price index continued to slow down (3.7% in May 2020 against 3.9% in April 2020), which indicates the prevalence of disinflationary factors, primarily sluggish domestic demand and a weak price environment in the foreign markets. </p> <p> </p> <p> As previously reported, inflation in Belarus was at 0.2% in June 2020 and 3.4% in January-June 2020. The official inflation forecast for 2020 was at or below 5%, although the National Bank of Belarus did not rule out an increase to 6%. </p> <p> </p> <p> The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB charter capital totals US $7 billion. The bank’s member states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. End </p>
2020-07-23
Primepress
Inflation in Belarus to remain at 5% amid slack domestic demand and weak pricing environment abroad – EDB
MINSK, Jul 22 - PrimePress. Inflation in Belarus will remain at 5% in the coming months, as disinflationary factors–slack domestic demand and a weak pricing environment abroad–prevail, reads the June outlook by the Eurasian Development Bank (EDB).
Inflation in Belarus increased in June 2020 to 5.2% from 4.9% in May mainly due to the effect of the low comparative base. Prices of fruits and vegetables decreased significantly in June 2019 because of the early harvest deliveries. The growth rate of the core consumer price index continued to slow down (3.7% in May 2020 against 3.9% in April 2020), which indicates the prevalence of disinflationary factors, primarily sluggish domestic demand and a weak price environment in the foreign markets.
As previously reported, inflation in Belarus was at 0.2% in June 2020 and 3.4% in January-June 2020. The official inflation forecast for 2020 was at or below 5%, although the National Bank of Belarus did not rule out an increase to 6%.
The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB charter capital totals US $7 billion. The bank’s member states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. End