The annual inflation rate in Belgium eased for a second month to 5.20% in May 2023, from 5.60% in the prior month. It was the softest reading since October 2021, mainly due to a slowdown in prices of food & non-alcoholic beverages (16.39% vs 17.57% in April); alcoholic beverages & tobacco (7.21% vs 7.36%); furnishings & household equipment (6.14% vs 6.94%) and transportation (4.48% vs 5.22%). Concomitantly, prices declined further for housing & utilities (-8.17% vs -6.73%). On the other hand, prices accelerated for restaurants & hotels (10.75% vs 8.50%); clothing & footwear (8.44% vs 7.56%); miscellaneous goods & services (7.16% vs 6.98%) and recreation & culture (7.17% vs 6.87%). On a monthly basis, consumer prices were up by 0.38% in May, after a 0.67% fall in the previous month. source: Statistics Belgium

Inflation Rate in Belgium averaged 5.58 percent from 1921 until 2023, 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 June of 2023.

Inflation Rate in Belgium is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Belgium Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 09:30 AM Apr 5.60% 6.67% 6.5%
2023-05-30 09:30 AM May 5.2% 5.6% 5.2%
2023-06-29 09:30 AM Jun 5.2% 5.2%


Related Last Previous Unit Reference
Inflation Rate 5.20 5.60 percent May 2023
Inflation Rate MoM 0.38 -0.67 percent May 2023
Consumer Price Index CPI 127.30 126.82 points May 2023
Producer Prices 168.80 178.70 points Apr 2023
Food Inflation 16.39 17.57 percent May 2023
CPI Transportation 129.89 128.83 points May 2023
CPI Housing Utilities 125.83 126.36 points May 2023
Producer Prices Change -3.20 4.70 percent Apr 2023

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
5.20 5.60 222.81 -18.11 1921 - 2023 percent Monthly
2013=100

News Stream
Belgium Inflation Rate Softens to Over 1-1/2-Year Low
The annual inflation rate in Belgium eased for a second month to 5.20% in May 2023, from 5.60% in the prior month. It was the softest reading since October 2021, mainly due to a slowdown in prices of food & non-alcoholic beverages (16.39% vs 17.57% in April); alcoholic beverages & tobacco (7.21% vs 7.36%); furnishings & household equipment (6.14% vs 6.94%) and transportation (4.48% vs 5.22%). Concomitantly, prices declined further for housing & utilities (-8.17% vs -6.73%). On the other hand, prices accelerated for restaurants & hotels (10.75% vs 8.50%); clothing & footwear (8.44% vs 7.56%); miscellaneous goods & services (7.16% vs 6.98%) and recreation & culture (7.17% vs 6.87%). On a monthly basis, consumer prices were up by 0.38% in May, after a 0.67% fall in the previous month.
2023-05-30
Belgium Inflation Ticks Higher in March
The annual inflation rate in Belgium edged higher to 6.7% in March of 2023 from the one-year low of 6.6% in the previous month, halting five consecutive months of slowdowns in consumer prices. The CPI accelerated for food and non-alcoholic beverages (18% vs 16.8% in February), restaurants and hotels (9% vs 8.5%), and clothing and footwear (6.2% vs 5.5%). Meanwhile, lower energy prices drove inflation to continue to slow for transportation (4.3% vs 7%), while the CPI fell at a slower pace for housing and utilities (-1.3% vs -1.8%). On a monthly basis, consumer prices rose by 0.7% from the 0.5% increase in the previous month.
2023-03-30
Belgian Inflation Falls to Over 1-Year Low
The annual inflation rate in Belgium fell to 6.6% in February of 2023, the lowest since December 2021, from 8.1% in the previous month. The CPI fell for housing and utilities (-1.8% vs 5.5% in January), while its rise decelerated for transportation (7% vs 7.3%) and clothing and footwear (5.5% vs 6.9%). On the other hand, inflation continued to rise for food and non-alcoholic beverages (16.8% vs 16.4%) and restaurants and hotels (8.5% vs 8.4%). On a monthly basis, consumer prices sank by 0.7% after a 0.1% increase in the previous month.
2023-02-27