{"id":65291,"date":"2024-02-06T15:26:28","date_gmt":"2024-02-06T12:26:28","guid":{"rendered":"https:\/\/api.pozirk.online\/?post_type=articles&#038;p=65291"},"modified":"2026-03-09T20:10:49","modified_gmt":"2026-03-09T20:10:49","slug":"high-salaries-fueled-inflation-in-2023-think-tank","status":"publish","type":"articles","link":"https:\/\/pozirk.online\/en\/news\/65291\/","title":{"rendered":"High salaries fueled inflation in 2023 \u2013 think tank"},"content":{"rendered":"\n<figure class=\"block-image block-image-normal\">\n\n  \n  <figcaption>\n  \n     <\/figcaption>\n<\/figure>\n\n\n\n<p><strong>February 6, <em>Pozirk<\/em>.<\/strong> High salaries accelerated Belarus\u2019 price growth in 2023, says the recent report by the Ko\u0161t Urada think tank that analyzes Belarusian finances.<\/p>\n\n\n\n<p>Last year, salaries outpaced labor productivity, exacerbating the market imbalances and reducing the competitiveness of local goods and services, the experts said.<\/p>\n\n\n\n<p>In December, salaries in Minsk exceeded the national average of 2,271 rubels ($708), rising to 3,240 rubels ($1,010). Real salaries in Minsk adjusted for inflation increased by 11.7 percent, while growth across Belarus ranged from 10 percent in the Homiel region to 13.3 percent in the Mahilo\u016d region, Ko\u0161t Urada reported, noting that by late 2023, salaries outpaced inflation.<\/p>\n\n\n\n<p>Despite the central bank&#8217;s warnings, officials plan to keep raising salaries and pumping money into the economy ahead of the 2024-25 elections. However, the economy may be affected by shocks resulting from excessive money supply even before the election cycle is over, the experts warned.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>February 6, Pozirk. High salaries accelerated Belarus\u2019 price growth in 2023, says the recent report by the Ko\u0161t Urada think tank that analyzes Belarusian finances. Last year, salaries outpaced labor productivity, exacerbating the market imbalances and reducing the competitiveness of local goods and services, the experts said. In December, salaries in Minsk exceeded the national [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":59075,"template":"","rubric":[21],"class_list":["post-65291","articles","type-articles","status-publish","has-post-thumbnail","hentry","rubric-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>High salaries fueled inflation in 2023 \u2013 think tank | Pozirk<\/title>\n<meta name=\"description\" content=\"February 6, Pozirk. High salaries accelerated Belarus\u2019 price growth in 2023, says the recent report by the Ko\u0161t Urada think tank that analyzes Belarusian\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pozirk.online\/en\/news\/65291\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High salaries fueled inflation in 2023 \u2013 think tank | Pozirk\" \/>\n<meta property=\"og:description\" content=\"February 6, Pozirk. High salaries accelerated Belarus\u2019 price growth in 2023, says the recent report by the Ko\u0161t Urada think tank that analyzes Belarusian\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pozirk.online\/en\/news\/65291\/\" \/>\n<meta property=\"og:site_name\" content=\"Pozirk\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pozirkonline\/\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-09T20:10:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/01\/Many_Bel_Archive_POZ_1440-1171.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"961\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@Pozirk_online\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/pozirk.online\/en\/news\/65291\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pozirk.online\/en\/news\/65291\/\"},\"headline\":\"High salaries fueled inflation in 2023 \u2013 think tank\",\"datePublished\":\"2024-02-06T12:26:28+00:00\",\"dateModified\":\"2026-03-09T20:10:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pozirk.online\/en\/news\/65291\/\"},\"wordCount\":151,\"publisher\":{\"@id\":\"https:\/\/pozirk.online\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/pozirk.online\/en\/news\/65291\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/01\/Many_Bel_Archive_POZ_1440-1171.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pozirk.online\/en\/news\/65291\/\",\"url\":\"https:\/\/pozirk.online\/en\/news\/65291\/\",\"name\":\"High salaries fueled inflation in 2023 \u2013 think tank | Pozirk\",\"isPartOf\":{\"@id\":\"https:\/\/pozirk.online\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pozirk.online\/en\/news\/65291\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pozirk.online\/en\/news\/65291\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/01\/Many_Bel_Archive_POZ_1440-1171.jpg\",\"datePublished\":\"2024-02-06T12:26:28+00:00\",\"dateModified\":\"2026-03-09T20:10:49+00:00\",\"description\":\"February 6, Pozirk. High salaries accelerated Belarus\u2019 price growth in 2023, says the recent report by the Ko\u0161t Urada think tank that analyzes Belarusian\",\"breadcrumb\":{\"@id\":\"https:\/\/pozirk.online\/en\/news\/65291\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pozirk.online\/en\/news\/65291\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pozirk.online\/en\/news\/65291\/#primaryimage\",\"url\":\"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/01\/Many_Bel_Archive_POZ_1440-1171.jpg\",\"contentUrl\":\"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/01\/Many_Bel_Archive_POZ_1440-1171.jpg\",\"width\":1440,\"height\":961},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pozirk.online\/en\/news\/65291\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pozirk.online\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"High salaries fueled inflation in 2023 \u2013 think tank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pozirk.online\/en\/#website\",\"url\":\"https:\/\/pozirk.online\/en\/\",\"name\":\"Pozirk\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/pozirk.online\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pozirk.online\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/pozirk.online\/en\/#organization\",\"name\":\"Pozirk\",\"url\":\"https:\/\/pozirk.online\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pozirk.online\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/pozirk.online\/wp-content\/uploads\/2023\/11\/cropped-Logo_color_512.png\",\"contentUrl\":\"https:\/\/pozirk.online\/wp-content\/uploads\/2023\/11\/cropped-Logo_color_512.png\",\"width\":512,\"height\":512,\"caption\":\"Pozirk\"},\"image\":{\"@id\":\"https:\/\/pozirk.online\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/pozirkonline\/\",\"https:\/\/x.com\/Pozirk_online\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"High salaries fueled inflation in 2023 \u2013 think tank | Pozirk","description":"February 6, Pozirk. High salaries accelerated Belarus\u2019 price growth in 2023, says the recent report by the Ko\u0161t Urada think tank that analyzes Belarusian","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pozirk.online\/en\/news\/65291\/","og_locale":"en_US","og_type":"article","og_title":"High salaries fueled inflation in 2023 \u2013 think tank | Pozirk","og_description":"February 6, Pozirk. High salaries accelerated Belarus\u2019 price growth in 2023, says the recent report by the Ko\u0161t Urada think tank that analyzes Belarusian","og_url":"https:\/\/pozirk.online\/en\/news\/65291\/","og_site_name":"Pozirk","article_publisher":"https:\/\/www.facebook.com\/pozirkonline\/","article_modified_time":"2026-03-09T20:10:49+00:00","og_image":[{"width":1440,"height":961,"url":"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/01\/Many_Bel_Archive_POZ_1440-1171.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@Pozirk_online","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/pozirk.online\/en\/news\/65291\/#article","isPartOf":{"@id":"https:\/\/pozirk.online\/en\/news\/65291\/"},"headline":"High salaries fueled inflation in 2023 \u2013 think tank","datePublished":"2024-02-06T12:26:28+00:00","dateModified":"2026-03-09T20:10:49+00:00","mainEntityOfPage":{"@id":"https:\/\/pozirk.online\/en\/news\/65291\/"},"wordCount":151,"publisher":{"@id":"https:\/\/pozirk.online\/en\/#organization"},"image":{"@id":"https:\/\/pozirk.online\/en\/news\/65291\/#primaryimage"},"thumbnailUrl":"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/01\/Many_Bel_Archive_POZ_1440-1171.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/pozirk.online\/en\/news\/65291\/","url":"https:\/\/pozirk.online\/en\/news\/65291\/","name":"High salaries fueled inflation in 2023 \u2013 think tank | Pozirk","isPartOf":{"@id":"https:\/\/pozirk.online\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pozirk.online\/en\/news\/65291\/#primaryimage"},"image":{"@id":"https:\/\/pozirk.online\/en\/news\/65291\/#primaryimage"},"thumbnailUrl":"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/01\/Many_Bel_Archive_POZ_1440-1171.jpg","datePublished":"2024-02-06T12:26:28+00:00","dateModified":"2026-03-09T20:10:49+00:00","description":"February 6, Pozirk. 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