Producer prices in Belgium increased 1.1 percent year-on-year in June of 2019, easing further from a 2.7 percent rise in the previous month. It was the lowest producer inflation since September of 2016. Prices on the domestic market advanced 1.8 percent while those on the non-domestic market fell 0.1 percent. On a monthly basis, producer prices fell 0.6 percent, following a 0.1 percent drop in May, mainly due to a 2.1 percent fall in energy cost. According to destination, a fall of 0.5 percent on the domestic market and a fall of 0.8 percent on the non-domestic markets can be observed. Producer Prices Change in Belgium averaged 2.12 percent from 2011 until 2019, reaching an all time high of 15.01 percent in February of 2017 and a record low of -8.21 percent in January of 2015.
Producer Prices Change in Belgium is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Belgium to stand at 2.00 in 12 months time. In the long-term, the Belgium Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.