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Belarus inflation rises to 7.4 pct in first half of 2016

Xinhua, July 12, 2016 Adjust font size:

Consumer prices in Belarus increased by 7.4 percent in the first half of 2016, the National Statistics Committee of Belarus said on Monday.

In June, the consumer prices rose by 0.4 percent compared with May, the official statistics showed.

Food prices increased by 5.6 percent since the beginning of the year, while non-food products and services jumped by 5.5 percent and 15 percent, respectively, the data showed.

For June, food prices inched up 0.4 percent, while non-food products and services rose 0.2 percent and 0.8 percent respectively, the data revealed.

The government forecast of socio-economic development for 2016 says the inflation does not exceed 12 percent in 2016.

However, the Belarusian authorities said earlier the inflation would reach 17-18 percent by the end of 2016, taking into account the current oil prices, devaluation of currencies in neighboring countries and partners, as well as instability in foreign markets. Endit