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oil (up 17.3%), manufacturing of transport facilities and equipment (up by 16.3%), manufacturing of pharmaceutical products and pharmaceutical preparation (up by15.4%), manufacturing of wooden products and paper, printing, and copying of recorded media (up by 14%).
4.2 Inflation
Inflation has largely been tamed and is now at its lowest level since 1992. Inflation rate in Belarus eased to 4.4% in May of 2018 from 5% in the previous month. It was the lowest inflation since at least 1992, as prices advanced at a softer pace for food (2.9% from 4.2% in April) and services (10.1% from 10.3%). Contrarily, cost for non-food products expanded faster (2.7% from 2.5%).
On a monthly basis, consumer prices edged down 0.3%, after a 0.3% gain in April. Inflation Rate in Belarus averaged 247.97% from 1992 until 2018, reaching an all time high of 2795.63% in August of 1994 and a record low of 4.40% in May of 2018
7 BELARUS Country Report July 2018 www.intellinews.com