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.