Belarusian Economy Ministry correcting inflation forecasts
2011-07-14 14:24:19
The Belarusian Economy Ministry is hard at work correcting this year’s inflation forecast. Igor Fomin, Director of the Pricing Policy Department of the Belarusian Economy Ministry, made the statement on 14 July, BelTA has learned.
An annual inflation forecast depends on monetary management and fiscal policies. “We need to know the initial components in order to forecast the consumer price index more or less close to reality,” said Igor Fomin. The work is in progress now. The official did not specify any figures regarding the new forecast of this year’s inflation. In H1 2011 Belarus’ consumer price index stood at 136.2%.