OREANDA-NEWS  On 20 November was announced, that Belarus’ consumer price inflation went up 1% on the month in October 2008, compared to 1% in September, 0.17% in August, 0.8% in July, 0.6% in June, 1.3% in May, 1.2% in April, 0.8% in March, 0.7% in February and 2.5% in January, an official in the Statistics Ministry said.

January-October showed a 10.5% inflation rate, which compares to 7% in January-October 2007.

Over the past 12 months consumer prices have risen 15.7%.

Food prices went up 1.7% in October and 11.3% in January-October, non-food prices went up 0.7% and 6.7%, respectively, and consumer services prices decreased 0.1% in October, growing 13.7% in the first ten months.

In 2007, inflation accelerated 12.1%, above the original annual target of 6%-8%, and worst since 2004, which recorded a 14.4% inflation pace.

The government had hoped it would be able to keep inflation pace within 6% and 8% this year.