Belarus freezes prices of key social items in inflation battle
Belarus has levied price restrictions on socially important goods and some medicines from Wednesday, the government said in a decree, as authorities grapple with accelerating inflation. The authorities have said they expect year-end inflation not to exceed a central bank target of 5%. Similar curbs were introduced last year to hold down prices during the COVID-19 pandemic but were soon lifted.
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- Belarus
Belarus has levied price restrictions on socially important goods and some medicines from Wednesday, the government said in a decree, as authorities grapple with accelerating inflation. The decree, published on the government's legal portal, fixed a ban until March 1 on rises in the price of 62 products, such as bread, pork and beef, as well as 50 medicines.
From March 1, price rises for such products are limited to 0.2% each month, it added. In January, inflation quickened to 7.7% in annual terms. The authorities have said they expect year-end inflation not to exceed a central bank target of 5%.
Similar curbs were introduced last year to hold down prices during the COVID-19 pandemic but were soon lifted.
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