Inflation Belarus 2020
Average inflation: 5.6%
Current Inflation
Inflation is very high at 5.6%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 7.4%. The lowest inflation was in February at 4.4%.
- Highest month
- December: 7.4%
- Lowest month
- February: 4.4%
- Difference
- 3.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 8.0%. The lowest price increase was in Food with an average of 4.3%.
- Highest increase
- Energy: 8.0%
- Lowest increase
- Food: 4.3%
Historical Context
Current inflation is 1.2% lower than the 5-year average of 6.8%.
- 5-year average
- 6.8%
- 10-year average
- 20.4%
- All-time high (2012)
- 67.5%
- All-time low (2018)
- 4.9%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (+0.0 percentage point).
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- December: +2.7 percentage points
ECB Target
Inflation is 3.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €105.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 4.7% | -1.1 |
| February | 4.4% | -1.8 |
| March | 4.9% | -0.9 |
| April | 5.4% | -0.1 |
| May | 4.9% | -1.3 |
| June | 5.2% | -0.5 |
| July | 5.2% | -0.8 |
| August | 5.6% | -0.1 |
| September | 6.1% | +0.8 |
| October | 6.2% | +0.9 |
| November | 6.6% | +1.6 |
| December | 7.4% | +2.7 |
| Average | 5.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.