Inflation rates by country and year

0%42.2%84.3%126.5%168.6%293.7%2,221%
0%42.2%84.3%126.5%168.6%293.7%2,221%
19931190.2%
200912.9%
20256.6%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate6.6%

Behind the curve

Turning points in Belarus

  1. 1993↑ Upward pressure

    The ruble's early years — Wikipedia (opens in a new tab)

    The breakup of the Soviet monetary system left Belarus with a monetary overhang; price liberalisation then drove hyperinflation during the early transition.

    IMF · Belarus: 25 Years of Transition
  2. 1996↓ Downward pressure

    Tighter money brought inflation down — Wikipedia (opens in a new tab)

    Tighter monetary policy and a more stable exchange rate reduced monthly inflation to 1–2% by April 1996, producing a temporary trough before policy loosened again.

    IMF · Belarus: Recent Economic Developments (1996)
  3. 1999↑ Upward pressure

    Directed credit reignited inflation — Wikipedia (opens in a new tab)

    Directed lending and loose monetary policy expanded broad money rapidly in 1999, while exchange-rate pressure amplified the resulting inflation spike.

    IMF · Belarus: Recent Economic Developments (1999)
  4. 2011↑ Upward pressure

    The 2011 devaluation — Wikipedia (opens in a new tab)

    A pre-election wage and directed-credit boom widened the external deficit; reserves fell, the ruble was devalued sharply and exchange-rate pass-through pushed prices up.

    IMF · Republic of Belarus: 2011 Article IV Consultation
  5. 2022↑ Upward pressure

    Sanctions shock and ruble depreciation — Wikipedia (opens in a new tab)

    After Russia's invasion of Ukraine, sanctions weakened the Russian and Belarusian rubles; Belarus's import costs, supply-chain transport costs and inflation expectations rose sharply.

    National Bank of Belarus · Consumer prices, tariffs and factors of changes (2022 Q1)

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Belarus?

The annual inflation rate in Belarus was 6.6% in 2025, the most recent year in the World Bank dataset. That means prices rose 6.6% on average compared with the year before. Use the chart above to explore Belarus's full inflation history from 1993 to 2025, and to compare it with any other country.

How inflation in Belarus has changed

Inflation in Belarus peaked at 2221.0% in 1994 and reached its lowest point at 4.9% in 2018. Averaged across the 33 years of available data (1993–2025), the rate has been 158.2% per year.

Frequently asked questions about inflation in Belarus

What is the current inflation rate in Belarus?

The latest available annual figure is 6.6% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Belarus's statistical office.

What was the highest inflation rate in Belarus?

The highest annual inflation rate on record is 2221.0%, reached in 1994.

What was the lowest inflation rate in Belarus?

The lowest annual inflation rate on record is 4.9%, recorded in 2018.

Where does the inflation data for Belarus come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.