Belgium's annual inflation rate fell to 2.08 percent in April 2019 from 2.33 percent in the previous month. Prices slowed for food & non-alcoholic beverages (0.25 percent compared to 1.16 percent in March); housing & utilities (3.34 percent compared to 4.21 percent); clothing & footwear (0.35 percent compared to 0.64 percent); furnishings & household equipment (0.79 percent compared to 0.95 percent); recreation & culture (2.47 percent compared to 3.25 percent) and miscellaneous goods & services (2.09 percent compared to 2.25 percent). Meanwhile, cost rose further for transport (3.2 percent compared to 2.89 percent); hotels & restaurants (4.46 percent compared to 3.25 percent); health (0.3 percent compared to 0.25 percent) and communications (0.27 percent compared to 0.07 percent). On a monthly basis, consumer prices went up 0.06 percent, easing from a 0.3 percent gain in the prior month. Inflation Rate in Belgium averaged 5.66 percent from 1921 until 2019, 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.
Inflation Rate in Belgium is expected to be 2.20 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 2.30 in 12 months time. In the long-term, the Belgium Inflation Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.