Cost of food in Belgium increased 3.66 percent in August of 2020 over the same month in the previous year.
Food Inflation in Belgium averaged 2.28 percent from 2007 until 2020, reaching an all time high of 7.62 percent in May of 2008 and a record low of -1.37 percent in October of 2014. This page provides the latest reported value for - Belgium Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Belgium Food Inflation - values, historical data and charts - was last updated on September of 2020. source: Statistics Belgium
Food Inflation in Belgium is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Belgium to stand at 1.40 in 12 months time. In the long-term, the Belgium Food Inflation is projected to trend around 1.70 percent in 2021, according to our econometric models.