Inflation Rate in Belgium decreased to 0.74 percent in October from 0.90 percent in September of 2020. source: Statistics Belgium

Inflation Rate in Belgium averaged 5.58 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 November of 2020.

Inflation Rate in Belgium is expected to be 0.60 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 1.70 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.

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Belgium Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.74 0.90 222.81 -18.11 1921 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-07-30 09:30 AM Jul 0.73% 0.6% 0.7%
2020-08-28 09:30 AM Aug 0.82% 0.73% 1%
2020-09-29 09:45 AM Sep 0.9% 0.82% 0.5%
2020-10-29 10:30 AM Oct 0.74% 0.9% 0.8%
2020-11-27 10:30 AM Nov 0.74% 0.6%
2020-12-23 10:30 AM Dec 0.6%
2021-01-29 10:30 AM Jan
2021-02-26 10:30 AM Feb

News Stream
Belgium Inflation Rate Rises to 0.8% in August
Belgium's inflation rate increased to 0.82 percent year-on-year in August 2020 from 0.73 percent in the previous month, with the largest upward effect coming from fresh seafood (34.4 percent), postal mail (13.8 percent), jewelry (13.2 percent) and fresh fruit (10.7 percent). At the same time, there were declines in cost of natural gas (-15.8 percent), holiday centers, camping sites and youth hostels (-15.6 percent), domestic heating oil (-14.6 percent) and transport by airplane (-14.4 percent). On a monthly basis, consumer prices advanced 0.06 percent in August, as higher prices for non-alcoholic beverages, restaurants and cafés, bread and cereals, hotel rooms, alcoholic beverages and the purchase of vehicles were offset by decreases in fruit, airplane tickets, vegetables, holiday villages and camping sites.
Belgium Inflation Rate at 5-Month High of 0.73%
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.
Belgium Inflation Rate Slows to 5-Month Low of 0.57%
The annual inflation rate in Belgium edged down to 0.57 percent in April of 2020 from 0.62 percent in the previous month. It was the lowest inflation since November of 2019, as cost slowed for clothing & footwear (0.09 percent vs 0.29 percent in March); restaurants & hotels (0.74 percent vs 1.16 percent) and recreation & culture (2.21 percent vs 2.23 percent). In addition, fell further for transport (-2.38 percent vs -0.01 percent); housing & utilities (-1.84 percent vs -2.15 percent) and communication (-3.28 percent vs -1.91 percent). On the other hand, cost of food & non-alcoholic beverages increased 3.97 percent, the highest since July of 2013 and accelerating from a 2.34 percent rise. On a monthly basis, consumer prices showed no growth, after a 0.16 percent gain in March.
Belgium Inflation Rate Slows to 1.1% in February
The annual inflation rate in Belgium decreased to 1.1 percent in February 2020 from 1.4 percent in the previous month. Cost slowed for transport (1.9 percent from 3.6 percent in January); recreation & culture (2.1 percent from 2.6 percent); restaurant & hotels (3.3. percent from 3.6 percent) and clothing & footwear (0.3 percent from 0.8 percent). On the other hand, prices advanced faster for food & non-alcoholic beverages (1.8 percent from 1.1 percent); furniture & household equipment (2.0 percent from 1.9 percent); miscellaneous goods & services (1.7 percent from 1.5 percent) and alcoholic beverages & tobacco (3.5 percent from 2.1 percent). Meantime, prices fell further for housing & utilities (-1.8 percent from -1.2 percent). On a monthly basis, consumer prices edged up 0.02 percent, after a 0.6 percent rise in January.

Belgium Inflation Rate
In Belgium, the most important category in the consumer price index is Housing and Utilities (17.6 percent of total weight). Food and Non-Alcoholic Beverages accounts for 16.4 percent; Transport for 15.9 percent; Recreation and Culture for 9.3 percent; Miscellaneous Goods and Services for 9 percent and Restaurants and Hotels for 7.8 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Communication; Health; Alcoholic beverages and Tobacco and Education account for the remaining 24 percent of total weight.