Annual inflation rate in Belgium increased to 0.76% in December 2019 from 0.39% in the previous month. It was the highest inflation since September, as cost advanced faster for food & non-alcoholic beverages (0.44% from 0.21% in November); transport (1.99% from 0.87%) and miscellaneous goods & services (2.22% from 2.01%). In addition, inflation was steady for education (at 1.54%) while prices rebounded for communication (0.45% from -0.34%). On the other hand, prices slowed for recreation & culture (2.33% from 2.5%); restaurant & hotels (1.83% from 2.46%); furniture & household equipment (0.6% from 0.68%); clothing & footwear (1.20% from 1.23%); health (0.36% from 0.39%) and alcoholic beverages & tobacco (2.07% from 2.24%). Meantime, prices continued to fall for housing & utilities (-2.02% from -2.79%). On a monthly basis, consumer prices went up 0.13%, following a 0.06% in November. Inflation Rate in Belgium averaged 5.62 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. source: Statistics Belgium
Inflation Rate in Belgium is expected to be 0.40 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 1.50 in 12 months time. In the long-term, the Belgium Inflation Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.