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Inflation in Belarus for 5 years: 2021 – 2026

Start
End
Latest month of data:March 2026
Cumulative Inflation for 5 Years
+44.4%
Average Inflation Rate
7.6%
Price Multiplier
1.44x
Loss of Buying Power
-30.8%

Report for: April 2021 — March 2026

The period is characterized by increased inflationary pressure and economic overheating. Average annual price growth of 7.6% significantly exceeds the norms of monetary stability. Such dynamics aggressively destroy savings: during the specified period, prices rose by 1.44 times, and the purchasing power of BYN collapsed to 69%.

Inflation Rate by Year

Inflation Adjusted Prices

Equivalent Value
What cost 100 BYN in 2021, would cost 144 BYN today. To maintain the same standard of living, income over 5 years should have grown by 1.44 times.
2021100 BYN
+44.4%
2026144 BYN

Value Adjusted for Inflation

Loss of Buying Power

Real Value
Since 2021, the purchasing power of 100 BYN has decreased to 69 BYN. The chart shows how BYN lost a total of 30.8% of its value over 5 years.
2021100 BYN
-30.8%
202669 BYN
-31%
Total Loss

Purchasing Power Over Time

Cumulative Inflation (%)

Historical Inflation Table

YearInflation (%)
20261.62%
20256.83%
20245.15%
20235.84%
202212.83%
20219.98%

Calculation Methodology

Calculations are based on CPI Belstat. It is a consumer price index that measures the average change in prices for goods and services purchased by the population.

Price Multiplier

Price Multiplier shows how many times prices have increased. In macroeconomics, this baseline metric is known as the Price Index Ratio. It is derived directly from official CPI data and serves as the mathematical foundation for all other calculations on this page.

Formula:
Price Multiplier(K)=CPI2026CPI2021\text{Price Multiplier} (K) = \frac{\text{CPI}_{2026}}{\text{CPI}_{2021}}
Calculation:
11279256221.0007810765035.840=1.4441\frac{11279256221.000}{7810765035.840} = 1.4441
Cumulative Inflation

To calculate the cumulative inflation since 2021, we use the following formula:

Formula:
(K−1)×100=Cumulative(%)(K - 1) \times 100 = \text{Cumulative} (\%)
Calculation:
(1.4441−1)×100=44.4%(1.4441 - 1) \times 100 = 44.4\%
Average Inflation Rate

Shows the average annual price growth rate including compound interest (where each year's inflation is added to already increased prices). To calculate the average annual inflation for 5 years since 2021, we use the following formula:

Formula:
K1n−1=Average Inflation RateK^{\frac{1}{n}} - 1 = \text{Average Inflation Rate}
n — number of years (5)
Calculation:
(1.44411/5−1)×100=7.6%(1.4441^{1/5} - 1) \times 100 = 7.6\%
Loss of Buying Power

To find out what share of its real value savings in BYN have lost since 2021, we calculate the percentage drop in purchasing power. Loss of buying power is calculated as an inverse proportion to price growth:

Formula:
(1−1K)×100=Loss of Buying Power(%)\left( 1 - \frac{1}{K} \right) \times 100 = \text{Loss of Buying Power} (\%)
Calculation:
(1−11.4441)×100=30.8%\left( 1 - \frac{1}{1.4441} \right) \times 100 = 30.8\%
Equivalent Value

To calculate the equivalent value in terms of purchasing power in 2026, we multiply the initial value from 2021 by the price growth factor:

Formula:
Original Amount×K=Equivalent\text{Original Amount} \times K = \text{Equivalent}
Calculation:
100×1.4441=144 BYN100 \times 1.4441 = 144 \text{ BYN}

Citation & Data Usage

You can use the data in your articles. Link to the source:

"Inflation in Belarus (2021–2026)", InflationCompare, . Accessed 26 May 2026. Data source: CPI Belstat.