Inflation Belarus 2021
Average inflation: 9.5%
Current Inflation
Inflation is very high at 9.5%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 10.5%. The lowest inflation was in January at 7.7%.
- Highest month
- October: 10.5%
- Lowest month
- January: 7.7%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 10.2%. The lowest price increase was in Core inflation with an average of 9.3%.
- Highest increase
- Energy: 10.2%
- Lowest increase
- Core inflation: 9.3%
Historical Context
Current inflation is 3.2% higher than the 5-year average of 6.3%.
- 5-year average
- 6.3%
- 10-year average
- 16.1%
- All-time high (2012)
- 67.5%
- All-time low (2018)
- 4.9%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +3.9 percentage point.
- Change vs. previous year
- +3.9 percentage points
- Largest monthly swing
- June: +4.7 percentage points
ECB Target
Inflation is 7.5% 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 €109.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 7.7% | +3.0 |
| February | 8.7% | +4.3 |
| March | 8.5% | +3.6 |
| April | 8.6% | +3.2 |
| May | 9.4% | +4.5 |
| June | 9.9% | +4.7 |
| July | 9.8% | +4.6 |
| August | 9.8% | +4.2 |
| September | 10.2% | +4.1 |
| October | 10.5% | +4.3 |
| November | 10.4% | +3.8 |
| December | 10.0% | +2.6 |
| Average | 9.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.