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.

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Belgium Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.27 1.63 222.81 -18.11 1921 - 2021 percent Monthly
2013=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-29 09:30 AM Apr 1.23% 0.89% 1.1%
2021-05-28 09:30 AM May 1.46% 1.23% 1.6%
2021-06-29 09:30 AM Jun 1.63% 1.46% 1.7%
2021-07-29 09:30 AM Jul 2.27% 1.63% 1.6%
2021-08-30 09:30 AM Aug 2.27%
2021-09-29 09:30 AM Sep
2021-10-28 10:30 AM Oct
2021-11-29 10:30 AM Nov


News Stream
Belgium Inflation Rate at Over 2-Year High
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.
2021-07-29
Belgium Inflation Rate at 2-Year High
Belgium’s annual inflation rate quickened to 1.63 percent in June of 2021, following a 1.46 percent rise in the previous month. It was the highest reading since June of 2019, primarily driven by prices in accommodation and food service activities and energy. Accordingly, main upward pressure was observed in transport (4.98 percent vs 5.98 percent in May); housing & utilities (3.66 percent vs 2.49 percent); miscellaneous goods & services (1.84 percent vs 1.77 percent); alcoholic beverages & tobacco (1.82 percent vs 2.65 percent); and restaurants & hotels (1.70 percent vs 1.11 percent). On a monthly basis, consumer prices advanced 0.23 percent, following a 0.15 percent increase in May.
2021-06-29
Belgium Inflation Rate at 2-Year High
The annual inflation rate in Belgium rose to 1.46 percent in May of 2021, the highest rate since June of 2019, from 1.23 percent in the previous month. Main upward pressure came from prices of transport (5.98 percent vs 5.31 percent in April), housing & utilities (2.49 percent vs 1.51 percent) and communications (1.06 percent vs 1.86 percent). On the other hand, prices fell further for food & non-alcoholic beverages (-1.58 percent vs -1.19 percent) and health services (-1.71 percent vs -1.49 percent). On a monthly basis, consumer prices edged up 0.15 percent in May, following a 0.33 percent increase in April.
2021-05-28
Belgium Inflation Rate Reaches 15-month High
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.
2021-04-29

Belgium Inflation Rate
In Belgium, the most important category in the consumer price index is Housing and Utilities (17.6 percent of total weight). Food and Non-Alcoholic Beverages accounts for 16.4 percent; Transport for 15.9 percent; Recreation and Culture for 9.3 percent; Miscellaneous Goods and Services for 9 percent and Restaurants and Hotels for 7.8 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Communication; Health; Alcoholic beverages and Tobacco and Education account for the remaining 24 percent of total weight.