MART commented on the July inflation

MART commented on the July inflation
Photo is illustrative in nature. From open sources.

August 17, MINSK. The Ministry of Antimonopoly Regulation and Trade told about the price situation in the consumer market in July, BelTA informs.

The annual increase in consumer prices in July slowed down by half a percent compared to the previous month and amounted to 18.1%. In relation to December last year, it formed at the level of 13.7%.

The ministry explained what caused the increase in consumer price growth in June-July in annual terms. It occurred, first of all, due to the rise in prices for non-food products due to the weakening of the Belarusian ruble against the Russian one - by 13.2%. "The significant impact of the exchange rate of the Russian ruble on domestic prices is due to the high share of imports of goods from the Russian Federation," the MART noted.

In comparison with June, in July, the annual increase in prices for synthetic detergents, tea, shoes, electrical goods and clothing accelerated at the fastest pace. "Meat and MEAT products have risen in price by 17.8% over the past twelve months," the ministry explained. "Bread and bakery products have increased in price by 15.1%, MILK and dairy products by 13.9%."

The slowdown in inflationary processes is influenced by the stabilization of prices in the fruit and vegetable market: in April - July, the annual increase in prices slowed down from 45.1% to 20%. Experts also note a slowdown in the growth of prices for automotive fuel - 22.6%, furniture - up to 16%, wallpaper - up to 12.5%.

In July, prices for meat and dairy products continued to rise. In particular, meat and meat products increased in price by 1.1% compared to the previous month, milk and dairy products - by 1.3%.

A significant impact on inflation again had an increase in prices for tourism services, as well as goods that are not produced in the country or produced in insufficient quantities. We are talking about household electrical appliances, confectionery, cars, perfumes and cosmetics and synthetic detergents.

But fruit and vegetable products as a whole fell in price by 10% over the month. Vegetables - by 14.2%, fruits - by 11.3%. Prices for white cabbage decreased by 41.2%, tomatoes - by 14.8%, cucumbers - by 12.9%, apples - by 10.3%. The intensity of the monthly increase in potato prices slowed down by 0.7% against 28.5% in June.