Inflation Belarus 2022
Average inflation: 15.2%
Current Inflation
Inflation is very high at 15.2%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 18.1%. The lowest inflation was in February at 10.0%.
- Highest month
- July: 18.1%
- Lowest month
- February: 10.0%
- Difference
- 8.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 16.6%. The lowest price increase was in Energy with an average of 12.7%.
- Highest increase
- Food: 16.6%
- Lowest increase
- Energy: 12.7%
Historical Context
Current inflation is 7.0% higher than the 5-year average of 8.2%. This approaches the highest level since records began (15.2% in 2022).
- 5-year average
- 8.2%
- 10-year average
- 7.8%
- All-time high (2022)
- 15.2%
- All-time low (2018)
- 4.9%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +5.7 percentage point.
- Change vs. previous year
- +5.7 percentage points
- Largest monthly swing
- July: +8.3 percentage points
ECB Target
Inflation is 13.2% 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 €115.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 10.4% | +2.7 |
| February | 10.0% | +1.3 |
| March | 15.8% | +7.3 |
| April | 16.8% | +8.2 |
| May | 17.0% | +7.6 |
| June | 17.6% | +7.7 |
| July | 18.1% | +8.3 |
| August | 17.9% | +8.1 |
| September | 17.4% | +7.2 |
| October | 15.2% | +4.7 |
| November | 13.3% | +2.9 |
| December | 12.8% | +2.8 |
| Average | 15.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.