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Belarus has highest inflation rate among post-Soviet nations in first eight months of 2013

 

Belarus had the highest inflation rate among the post-Soviet nations in the first eight months of 2013, according to official statistical data.

Consumer prices reportedly rose by 8.2 percent in Belarus during the period compared with 4.5 percent in Russia, 3.5 percent in Armenia, 3.1 percent in Kazakhstan, 2.5 percent in Estonia and Tajikistan, 1.1 percent in Moldova and Kyrgyzstan, 0.2 percent in Azerbaijan, and 0.1 percent in Lithuania.

Consumer prices fell by 0.6 percent in Latvia and Ukraine and by 0.9 percent in Georgia. No data were available for Uzbekistan.

In the self-proclaimed Republic of Transdniestria (Transnistria), Moldova, consumer prices reportedly rose by 1.5 percent.

In Turkmenistan, consumer prices fell by 1.7 percent in the first six months of the year.

With an increase of 0.1 percent, Belarus ranked fourth, along with Lithuania and Russia in terms of consumer price growth in August, compared with a 0.9-percent rise in Tajikistan, a 0.3-percent increase in Armenia and a 0.2-percent increase in Kazakhstan. Consumer prices did not change in Georgia and Estonia and fell by 0.1 percent in Kyrgyzstan, 0.2 percent in Moldova, 0.3 percent in Azerbaijan, 0.7 percent in Ukraine and 0.8 percent in Latvia.

Belarus had the highest inflation among the post-Soviet nations in 2011 and 2012, with a 108.7-percent and a 21.8-percent rate, respectively. //BelaPAN