Business & Finance
Belarus freezes prices of key social items in inflation battle
- In January, inflation quickened to 7.7% in annual terms.
MOSCOW: 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.
Comments
Comments are closed.