Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Belarus Inflation Falls

MINSK () -- Monthly inflation stood at 25 percent last month in Belarus, compared with 53 percent in August, Deputy Prime Minister Sergei Ling said Tuesday.


Ling predicted that under a reform program approved by parliament this month, monthly inflation would fall to 10 to 12 percent by the end of the year. The plan calls for inflation to fall to 7 to 8 percent by next June.


Ling said the government remained at odds with the International Monetary Fund over the organization's demands to reduce monthly inflation to 1 percent by the end of next year.


He said ministers forecast 5 percent monthly inflation and predicted the IMF requirement would bring much of the former Soviet republic's production to a halt.