At the end of October, the annual inflation rate in the countries of the Eurasian Economic Union amounted to: 0.6% in Armenia, 5.9% in Belarus, 8.5% in Kazakhstan, 4.8% in Kyrgyzstan, 8.5% in Russia.
Compared to December 2023, in October this year, the annual inflation slowed down in Kazakhstan by 1.3 p.p. and in Kyrgyzstan by 2.5 p.p.; inflation somewhat accelerated in Belarus by 0.1 p.p. and in Russia by 1.1 p.p.; in Armenia deflation turned to inflation.
In the structure of consumer prices, inflation slowdown was observed for food products in Kazakhstan and Kyrgyzstan, for non-food products — in Armenia, Kazakhstan, Kyrgyzstan and Russia, for services — in Belarus and Kyrgyzstan.
Measures taken by the governments and central (national) banks of the EAEU countries to curb the growth of consumer prices contributed to maintaining price stability.
In accordance with Article 63 of the Treaty on the Union, the inflation rate (consumer price index) is one of the main macroeconomic indicators determining the economic development sustainability.
The Commission monitors the inflation rate in the Union countries on a regular basis.
