Annual inflation rate in Belgium decreased to 1.3 percent in August of 2019 from 1.4 percent in the previous month. It was the lowest inflation since September of 2015, as cost slowed for as cost slowed for housing & utilities (0.4 percent vs 0.9 percent in July); transport (0.7 percent vs 1.3 percent); recreation & culture (2.2 percent vs 2.5 percent); furniture & household goods (0.6 percent vs 0.9 percent) and clothing & footwear (0.8 percent vs 0.9 percent). Meantime, inflation was steady for miscellaneous goods & services (at 2.2 percent): health (at 0.4 percent) and education (at 1.4 percent) while prices fell for communication (-0.8 percent vs 0.1 percent). On the other, prices advanced faster for food & non-alcoholic beverages (1.8 percent vs 1.1 percent); alcoholic beverages & tobacco (2.5 percent vs 2.4 percent) and restaurant & hotels (3.4 percent vs 3.3 percent). On a monthly basis, consumer prices edged up 0.02 percent, after increasing 0.08 percent in July. Inflation Rate in Belgium averaged 5.64 percent from 1921 until 2019, 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.
Inflation Rate in Belgium is expected to be 1.40 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 1.60 in 12 months time. In the long-term, the Belgium Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.