Inflation Belarus 2018
Average inflation: 4.9%
Current Inflation
Inflation is high at 4.9%, well above the ECB target.
Peak and Trough
The highest inflation was in September at 5.6%. The lowest inflation was in June at 4.1%.
- Highest month
- September: 5.6%
- Lowest month
- June: 4.1%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 12.5%. The lowest price increase was in Core inflation with an average of 3.6%.
- Highest increase
- Energy: 12.5%
- Lowest increase
- Core inflation: 3.6%
Historical Context
Current inflation is 6.0% lower than the 5-year average of 10.9%. This approaches the lowest level since records began (4.9% in 2018).
- 5-year average
- 10.9%
- 10-year average
- 12.2%
- All-time high (2013)
- 18.5%
- All-time low (2018)
- 4.9%
Trend
Inflation shows a downward trend. Compared to 2017, inflation has fallen by +1.2 percentage point.
- Change vs. previous year
- -1.2 percentage points
- Largest monthly swing
- January: -5.0 percentage points
ECB Target
Inflation is 2.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 4.5% | -5.0 |
| February | 4.9% | -2.1 |
| March | 5.4% | -1.0 |
| April | 5.0% | -1.3 |
| May | 4.4% | -1.7 |
| June | 4.1% | -2.4 |
| July | 4.1% | -1.9 |
| August | 5.0% | -0.3 |
| September | 5.6% | +0.7 |
| October | 4.9% | -0.4 |
| November | 5.0% | +0.1 |
| December | 5.6% | +1.0 |
| Average | 4.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.