Belgium’s annual inflation rate surged to 2.27 percent in July of 2021, following a 1.63 percent jump in the previous month. It was the highest reading since March of 2019, mainly driven by prices for housing & utilities (5.66 percent vs 3.66 percent), alcoholic beverages & tobacco (2.03 percent vs 1.8 percent), restaurants & hotels (2.6 percent vs 1.7 percent) and clothing & footwear (0.5 percent vs 0.4 percent). Meanwhile, inflation rebounded for health (0.3 percent vs -1.7 percent) and deflation slowed for food & non-alcoholic beverages (-0.9 percent vs -1.2 percent). On a monthly basis, consumer prices inched up 0.85 percent, following a 0.23 percent uptick in the prior month. source: Statistics Belgium
Inflation Rate in Belgium averaged 5.54 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 August of 2021.
Inflation Rate in Belgium is expected to be 2.50 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 1.50 percent in 2022 and 1.70 percent in 2023, according to our econometric models.