Belarus is Europe’s inflation absolute leader

In the first half of 2013 inflation in our country has tenfold surpassed average European level, which is 7 per cent to 0,7 per cent.

Belarus had the highest inflation rate among the post-Soviet nations in the first half of 2013, according to official statistical data, writes BelaPAN.

Consumer prices reportedly rose by seven per cent in Belarus during the period compared with 3.5 per cent in Russia, 2.7 per cent in Armenia and Kazakhstan, 2.6 per cent in Estonia, 2.3 per cent in Moldova, 1.6 per cent in Tajikistan, 1.5 per cent in Kyrgyzstan, 1.2 per cent in Azerbaijan, 0.8 per cent in Lithuania, 0.5 per cent in Latvia, 0.4 per cent in Georgia and 0.2 per cent in Ukraine.

No data were available for Uzbekistan and Turkmenistan, and in the self-proclaimed Republic of Transdniestria (Transnistria), Moldova, consumer prices reportedly rose by 3.4 per cent.

With increases of 0.3 per cent, Belarus and Kazakhstan had the third highest rises in consumer prices in June, compared with a 0.5-per cent increase in Estonia, a 0.4-per cent increase in Russia, a 0.2-per cent increase in Latvia, and 0.1-per cent increases in Kyrgyzstan and Tajikistan. Consumer prices did not change in Ukraine and fell by 0.1 per cent in Armenia, 0.2 per cent in Lithuania, 0.5 per cent in Moldova, 0.6 per cent in Georgia and 1.1 per cent in Azerbaijan.

Let us recall that Belarus had the highest inflation among the post-Soviet nations in 2011 and 2012, with a 108.7-per cent and a 21.8-per cent rate, respectively.