Belgium’s annual inflation rate was at 10.6% in November of 2022, slowing from the 47-year high of 12.3% touched in the prior month as pressure from high energy costs in Europe eased. While remaining high, inflation fell sharply for housing and utilities (20.9 percent vs 33.9 percent) and dropped to a smaller extent for transportation (10 percent vs 10.7 percent). On the other hand, the CPI continued to accelerate for food and non-alcoholic beverages (15.1 percent vs 12.9 percent). On a monthly basis, consumer prices fell by 0.2 percent from the 1 percent rise in the previous period. source: Statistics Belgium
Inflation Rate in Belgium averaged 5.58 percent from 1921 until 2022, 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 2022.
Inflation Rate in Belgium is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Inflation Rate is projected to trend around 3.50 percent in 2023 and 1.70 percent in 2024, according to our econometric models.