In 2013 Belarus had the highest inflation rate in Europe

01.02.2014 | Economy | EuroBelarus Information Service,

Our country shared the first place with Russia, while Turkey “won” the first place.

According to Eurostat, first place is given to Turkey with the inflation rate of 7.5 per cent; Belarus and Russia have 6.5 per cent each; Kazakhstan occupies third place with 4.8 per cent.

Austria (with 2 per cents) has become the leader with the highest rate of inflation among the countries of the European Union.

There are four European countries where deflation is registered – Bulgaria, Greece, Latvia and Cyprus.

Let us note that Belarus was secured leader by inflation rate on the continent during the previous years. Thus, in 2012 inflation in Belarus averaged 16 per cent, which is eight time higher than the average inflation rate in Europe.

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In 2013 Belarus had the highest inflation rate in Europe

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