The annual inflation rate in Belgium increased to 0.73 percent in July of 2020 from 0.6 percent in the previous month. It was the highest inflation since February, as cost advanced faster for food & non-alcoholic beverages (3.7 percent vs 3.3 percent in June) and recreation & culture (2.5 percent vs 2.2 percent). In addition, prices rebounded for restaurants & hotels (0.9 percent vs -0.2 percent) while inflation slowed for miscellaneous goods & services (1.7 percent vs 1.9 percent) and furniture & household goods (1.4 percent vs 1.6 percent). Meantime, prices continued to fall for housing & utilities (-2.1 percent vs -2.2 percent) and transport (-0.5 percent vs -0.9 percent). On a monthly basis, consumer prices went up 0.2 percent, following a 0.1 percent gain in June.
Inflation Rate in Belgium averaged 5.59 percent from 1921 until 2020, reaching an all time high of 222.81 percent in January of 1947 and a record low of -18.11 percent in October of 1921. This page provides the latest reported value for - Belgium Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Belgium Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Belgium
Inflation Rate in Belgium is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Belgium to stand at 1.60 in 12 months time. In the long-term, the Belgium Inflation Rate is projected to trend around 1.80 percent in 2021 and 2.00 percent in 2022, according to our econometric models.