Food Inflation Sets Records In Belarus

Prices are hitting people's pockets.

Head of the National Bank Roman Golovchenko told what's going on with prices in Belarus. According to him, "inflation is not of a speculative nature now." "It's not the case when prices are accelerating or ballooning," said the official. Recall, in July, inflation accelerated to 7.4% per annum - this significantly exceeds the forecasts of officials for this year. Moreover, food inflation accelerated to almost 11%, writes "Zerkalo".

According to the head of the National Bank, "there is a large number of so-called non-monetary factors, which also affect the consumer price index."

"This is, for example, the rise in prices for imported raw materials, which we use, price disparity with our main trading partner - the Russian Federation. And so on, that is a whole complex of factors," Roman Golovchenko said.

"To avoid shocks." Food inflation is setting records and hitting people's pockets, and Golovchenko says that "prices are not accelerating"

According to Golovchenko, "inflation now is not of a speculative nature".

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