Situation with prices in the consumer market of Belarus is calm - Prime Minister

Published 2020년 7월 27일

Tridge summary

Belarus' Prime Minister, Uladzimir Golovchenko, has assured that the government is in control of the price situation, with the annual consumer price growth remaining below the targeted 5% despite the COVID-19 impact on supply chains. He mentioned that prices for certain goods had surged due to demand and disruptions, but these issues have been addressed through both regulatory and economic means, leading to decreases in meat, dairy, and bakery product prices. Golovchenko also urged the public to quiet down the criticism towards the government's economic actions, stressing that the budget has sufficient funds to meet social and development commitments. Inflation for the first half of the year stood at 3.4%.

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Original content

“The situation with prices is absolutely calm. That is, we are in the forecast parameters, we even go below the forecast. We have a task that was set before the government and the National Bank - the annual growth of consumer prices should not exceed 5%. we have 103.2% since the beginning of the year, the consumer price growth index, and at controlled prices it is even lower, "Golovchenko said in an interview with the Belarus 1 TV channel, which was shown on Sunday. At the same time, the Prime Minister noted that due to the spread of the coronavirus infection COVID-19 at a certain period there was a break in the supply chains, and "inflationary overhangs" began to appear in the country, prices for ginger, lemons, buckwheat and other goods rose in stores, for a number of goods. there was an exuberant demand. According to Golovchenko, the authorities had to urgently "extinguish this situation - both by regulatory methods and by economic methods." “The President even then very ...

Source: Dairy