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National Bank And Belstat Ashamedly Hide Real Inflation

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National Bank And Belstat Ashamedly Hide Real Inflation

Experts have shown how it looks.

The inflation forecast at the beginning of 2021 was estimated at 5%, but the real figure turned out to be twice as big - 9.97%. To understand what is happening with inflation, we can observe the dynamics of prices for food and non-food products, services.

Non-food products prices rose least of all, by 7.6%. Prices of non-food products rose by 9.9%, while food products went up by 11.4%.

At the same time the population is experiencing the inflation rate which is higher than the 9.97% average rate, stated by the National Bank. Inflation is most severe for people with small incomes. Real, median wages of the Belarusians are substantially lower than the average one. The vast majority of people do not get "five hundred dollars" even in Minsk. For this category of people foodstuff takes much more place in the consumer basket than everything else (on average people spend 36.5% of their expenses on food in the country). But foodstuffs have become more expensive than everything else, informs the Nashy Hroshy telegram channel.

Mayonnaise became more expensive by 23.1% for the year, tobacco - by 13%, drugs - by 14.7 %, fuel - by 17.1%. Products and services used by Belarusians on a daily basis have risen well above the average rate of inflation. Even the prices of socially important goods, specially marked by Belstat, went up by 9.1%, whereas they are under strict control of the government.

Today the Belarusians are in an extremely pessimistic mood with regard to inflation. 65.7% of people, questioned by the National Bank in December, are sure that prices will rise as intensively as they are doing now. And 19.5% believe that they will rise even faster in the future. Only 13.2% of Belarusians are optimistic.

The population behaves differently in the conditions of high inflation: they switch over to cheaper goods and economize in a different way. Enough to say that today a third of the population uses cash as a savings medium, and only 12% are ready to entrust their money to a bank. All this makes the already difficult situation even worse.

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