The annual inflation rate in Belgium decreased to 0.26 percent in January of 2021, the lowest since March of 2015, from 0.41 percent in the previous month. Prices continued to fall for housing & utilities (-1.31 percent vs -1.4 percent in December), dragged by cheaper domestic heating oil and private rents; transport (-0.78 percent vs -0.35 percent), and health (-1.63 percent vs -1.61 percent). Also, cost slowed for food and non-alcoholic drinks (1.24 percent vs 1.61 percent), due to cheaper fish and seafood, but accelerated for recreation and culture (1.98 percent vs 1.88 percent). On a monthly basis, consumer prices went up 0.44 percent, after an upwardly revised 0.03 percent increase in December. source: Statistics Belgium
Inflation Rate in Belgium averaged 5.57 percent from 1921 until 2021, 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 February of 2021.
Inflation Rate in Belgium is expected to be 0.80 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 0.80 in 12 months time. In the long-term, the Belgium Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.