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December 14 – December 20, 2015

Ban on price increases in Belarus may help to meet outlook for inflation in 2015

The situation has not changed
Ban on price increases in Belarus may help to meet outlook for inflation in 2015

The Trade Ministry has announced a moratorium on price increases during the holiday season. With this decision, the authorities are aiming to implement the forecast for inflation in 2015, which should not exceed 12%. In January – November 2015 inflation was 10.7%. In order to curb the price-hikes, retailers will organise fairs and sales, and importers may postpone concluding new contracts due to the price restrictions and anticipated depreciation of the BYR. As a result, the outlook for inflation may be met, while financial health of industrial and commercial enterprises may deteriorate. As soon as the moratorium is lifted, price-hikes are quite possible in order to compensate for incurred costs.

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