Belgium’s annual inflation rate surged to 5.6 percent in November of 2021 from 4.2 percent in October. It was the highest reading since July of 2008, as prices accelerated for housing and utilities (18.6 percent vs 12.1 percent in October), transportation (9 percent vs 7.6 percent), alcoholic drinks and tobacco (4.9 percent vs 3.3 percent), and restaurants and hotels (4.2 percent vs 3.3 percent). Also, prices rebounded for food and alcoholic drinks (0.2 percent vs -0.3 percent). On a monthly basis, consumer prices rose by 1.25 percent in November, slowing from a 1.5 percent increase in the previous 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 December of 2021.

Inflation Rate in Belgium is expected to be 2.70 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 1.60 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Belgium Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-28 09:30 AM Oct 4.16% 2.86% 2.6%
2021-11-29 10:30 AM Nov 5.64% 4.16% 5.6%
2021-12-23 10:30 AM Dec 5.64% 2.7%


Related Last Previous Unit Reference
Inflation Rate 5.64 4.16 percent Nov/21
Inflation Rate Mom 1.25 1.47 percent Nov/21
Consumer Price Index CPI 115.63 114.20 points Nov/21
Producer Prices 146.40 135.80 points Oct/21
Food Inflation -0.32 -0.98 percent Oct/21
CPI Transportation 116.71 115.55 points Nov/21
CPI Housing Utilities 127.38 120.60 points Nov/21
Producer Prices Change 28.10 21.40 percent Oct/21

News Stream
Belgium Inflation Rate at Over 13-Year High
Belgium’s annual inflation rate surged to 5.6 percent in November of 2021 from 4.2 percent in October. It was the highest reading since July of 2008, as prices accelerated for housing and utilities (18.6 percent vs 12.1 percent in October), transportation (9 percent vs 7.6 percent), alcoholic drinks and tobacco (4.9 percent vs 3.3 percent), and restaurants and hotels (4.2 percent vs 3.3 percent). Also, prices rebounded for food and alcoholic drinks (0.2 percent vs -0.3 percent). On a monthly basis, consumer prices rose by 1.25 percent in November, slowing from a 1.5 percent increase in the previous month.
2021-11-29
Belgium Inflation Rate at 13-Year High
Belgium’s annual inflation rate surged to 4.2 percent in October of 2021 from 2.9 percent in September. It was the highest reading since October of 2008, as prices accelerated for housing and utilities (12.2 percent vs 7.7 percent in September), transportation (7.6 percent vs 6 percent), recreation and culture (3.1 percent vs 2.5 percent), and restaurants and hotels (3.3 percent vs 2.2 percent). At the same time, deflation slowed for food and non-alcoholic beverages (-0.3 percent vs -1 percent). On a monthly basis, consumer prices rose by 1.5 percent in October from a 0.3 percent decrease in the previous month.
2021-10-28
Belgium Inflation Rate at Over 4-Year High
Belgium’s annual inflation rate surged to 2.9 percent in September of 2021, from 2.7 percent in August, reaching its highest since February of 2017. Main upward pressure came from prices of housing utilities (7.7 percent vs 7.1 percent), namely natural gas (48.9 percent) and electricity (17.3 percent), alcoholic beverages & tobacco (5.2 percent vs 3.1 percent), and transport (6 percent vs 5.2 percent). Meantime, prices advanced at a softer pace for recreation & culture (2.5 percent vs 2.8 percent), and restaurants & hotels (2.2 percent vs 3.1 percent), while prices fell further for food & non-alcoholic beverages (-1 percent vs -0.3 percent). On a monthly basis, consumer prices went down by 0.25 percent, following a 0.5 percent increase in the previous month.
2021-09-29

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.