Belarus: Pricing affected by high inflation in neighboring nations

According to Belarusian Antimonopoly Regulation and Trade Minister Aleksei Bogdanov, high inflation in neighboring countries is affecting prices in Belarus. Bogdanov: “In January-May 2022, inflation in Belarus totaled 17%. It is less than 17.1% in the Russian Federation. At the same time inflation in Turkey from where we import many fruits and vegetables has already reached 80%. The European market is also in turmoil. Inflation over there exceeded 8% on the average in June. Inflation is virtually 20% in the neighboring Baltic states and Poland. All of it undoubtedly affects the situation in Belarus, too. Because we import some goods from these regions.”



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