Government statisticians report 0.8-percent fall in consumer prices in August

Consumer prices in Belarus fell by 0.8 percent in August 2017, reported the National Statistical Committee (Belstat).

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According to Belstat, consumer prices rose by 0.9 percent in January, 0.5 percent in February, 0.3 percent in March, 0.7 percent in April, 0.3 percent in May and 0.7 percent in June, and fell by 0.1 percent in July.

In August, food prices fell by 1.9 percent, while the prices of non-food consumer goods rose by 0.3 percent and services increased in price by 0.04 percent, Belstat said.

The government initially set itself the objective of limiting inflation to nine percent in 2017, but the economy ministry announced in June that this year’s inflation was expected to be seven percent.