The annual inflation rate in Belgium rose to 1.23 percent in April of 2021, the fastest since January of 2020, from 0.89 percent in the previous month. Main upward pressure came from prices of transport (5.31 percent vs 3.25 percent in March), housing & utilities (1.51 percent vs 0.50 percent), and communications (1.86 percent vs 0.43 percent). In contrast, faster deflationary paces were recorded for food & non-alcoholic beverages (-1.19 percent vs -0.58 percent) and health services (-1.49 percent vs -1.47 percent). On a monthly basis, consumer prices edged up 0.33 percent in April, following a 0.27 percent increase in March. source: Statistics Belgium
Inflation Rate in Belgium averaged 5.55 percent from 1921 until 2021, 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 May of 2021.
Inflation Rate in Belgium is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Belgium to stand at 2.30 in 12 months time. In the long-term, the Belgium Inflation Rate is projected to trend around 1.50 percent in 2022 and 1.70 percent in 2023, according to our econometric models.