Inflation Belarus 2024
Average inflation: 5.8%
Current Inflation
Inflation is very high at 5.8%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 6.3%. The lowest inflation was in December at 5.2%.
- Highest month
- June: 6.3%
- Lowest month
- December: 5.2%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 6.8%. The lowest price increase was in Core inflation with an average of 4.8%.
- Highest increase
- Energy: 6.8%
- Lowest increase
- Core inflation: 4.8%
Historical Context
Current inflation is 2.4% lower than the 5-year average of 8.2%.
- 5-year average
- 8.2%
- 10-year average
- 8.3%
- All-time high (2012)
- 67.5%
- All-time low (2018)
- 4.9%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- +0.7 percentage points
- Largest monthly swing
- January: -6.1 percentage points
ECB Target
Inflation is 3.8% 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 €105.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 5.9% | -6.1 |
| February | 5.5% | -6.1 |
| March | 5.5% | -0.3 |
| April | 5.5% | +0.9 |
| May | 6.0% | +2.5 |
| June | 6.3% | +3.6 |
| July | 6.0% | +3.5 |
| August | 6.3% | +4.2 |
| September | 6.0% | +4.1 |
| October | 5.9% | +2.4 |
| November | 5.5% | +0.1 |
| December | 5.2% | -0.6 |
| Average | 5.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.