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.

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Belgium Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-28 09:30 AM Oct 12.27% 11.27% 10.5%
2022-11-29 10:30 AM Nov 10.63% 12.27% 12%
2022-12-23 10:30 AM Dec 10.63%


Related Last Previous Unit Reference
Inflation Rate 10.63 12.27 percent Nov 2022
Inflation Rate MoM -0.23 2.37 percent Nov 2022
Consumer Price Index CPI 127.92 128.21 points Nov 2022
Producer Prices 185.30 182.50 points Sep 2022
Food Inflation 15.13 12.92 percent Nov 2022
CPI Transportation 128.43 127.90 points Nov 2022
CPI Housing Utilities 154.01 161.49 points Nov 2022
Producer Prices Change 36.40 36.15 percent Sep 2022

Belgium Inflation Rate
In Belgium, the most important category in the consumer price index is Housing and Utilities (18 percent of total weight). Food and Non-Alcoholic Beverages account for 17 percent; Transport for 16 percent; Recreation and Culture for 9 percent; Miscellaneous Goods and Services for 9 percent and Restaurants and Hotels for 8 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Communication; Health; Alcoholic Beverages and Tobacco and Education account for the remaining 23 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
10.63 12.27 222.81 -18.11 1921 - 2022 percent Monthly
2013=100

News Stream
Belgium Inflation Slows from Record in November
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 record-high 2.4 percent jump in the previous period.
2022-11-29
Belgium October Inflation Rate Highest in Nearly 5 Decades
Belgium’s annual inflation rate accelerated for the third straight month to 12.27% in October 2022, from 11.27% percent in September. It was the highest reading since June of 1975, mainly due to soaring prices of housing & utilities (33.91% vs 31.51% in September), amid skyrocketing energy costs. Prices also continued to climb for food & non-alcoholic beverages (12.92% vs 10.75%) and transportation (10.69% vs 10.58%). On a monthly basis, consumer prices inched up by 2.37%, the most on record, after a 0.96% rise in the previous month.
2022-10-28
Belgium Inflation Rate Hits 11%, Highest Since 1975
Belgium’s annual inflation rate climbed to 11.27 percent in September 2022, from 9.94 percent in May. It was the highest reading since August of 1975, as prices advanced faster for housing & utilities (31.51 percent vs. 24.94 percent in August), food & non-alcoholic beverages (10.75 percent vs. 10.15 percent), recreation & culture (4.57 percent vs. 4.11 percent) and restaurants & hotels (5.23 percent vs. 5.20 percent). On the other hand, transport prices eased (10.56 percent vs. 12.26 percent). Monthly, consumer prices rose 0.96 percent, the most since January, and edged up from a 0.85 percent rise in the previous month.
2022-09-29