Comparative analysis of the inflation rate in the consumer sector of the economies of the EAEU1 member countries in October 2020

In October 2020, compared to the previous month, an increase in consumer prices and tariffs was recorded in the EAEU member countries.

Inflation rate in the consumer sector of the EAEU member countries

(as a percentage, increase +; decrease-)

October to September October to December of the previous year Average monthly increase (decrease) rates

in January-October

2019 2020 2019 2020 2019 2020
Armenia 0,6 0,5 -1,6 -1,0 -0,1 0,1
Belarus 0,5 0,6 3,9 5,4 0,4 0,5
Kazakhstan 0,6 0,6 3,9 5,5 0,4 0,5
Kyrgyzstan 0,5 2,3 1,2 5,3 0,1 0,5
Russia 0,1 0,4 2,4 3,3 0,1 0,3

1 According to statistical services

In October 2020, compared to December 2019, the maximum inflation rate (5.5 percent) in the consumer sector of the economy was recorded in the Republic of Kazakhstan, while in the Republic of Armenia deflation (decrease in consumer prices and tariffs) by 1.0 percent was recorded.

At the same time, in the Kyrgyz Republic in October 2020 compared to December 2019, prices and tariffs for food products increased the most (by 8.9 percent) (including alcoholic beverages and tobacco products), and in the Republic of Belarus the maximum increase was recorded in prices for non-food products – 7.3 percent and services – by 6.0 percent. At the same time, the maximum decrease in retail prices for food products was observed in the Republic of Armenia (by 3.4 percent).

Inflation rate in the consumer sector by groups of goods and services in the EAEU1 member countries in October 2020

 (as a percentage, increase +; decrease-)

All goods and services including
food products2 non-food products services
To the previous month
Armenia 0,5 0,8 20,7 0,0
Belarus 0,6 0,6 0,9 0,3
Kazakhstan 0,6 0,8 0,6 0,4
Kyrgyzstan 2,3 3,4 0,6 1,5
Russia 0,4 0,6 0,7 -0,1
To December of the previous year
Armenia -1,0 -3,4 0,4 1,2
Belarus 5,4 3,5 7,3 6,0
Kazakhstan 5,5 8,3 4,5 3,0
Kyrgyzstan 5,3 8,9 0,5 1,7
Russia 3,3 3,7 3,8 2,2

1 According to statistical services.

2 Including alcoholic beverages and tobacco products.