The annual inflation rate in Belgium went up to 0.46 percent in February of 2021, the fastest since November of 2020, from 0.22 percent in the previous month. Main upward pressure came from prices of recreation & culture (1.98 percent, unchanged from January); other goods & services (1.51 percent vs 1.93 percent), mainly due to services; alcoholic beverages & tobacco (3.19 percent vs 1.79 percent); and transports (0.79 percent vs -0.78 percent in January). On the other hand, main downward pressure came from prices of food & non-alcoholic beverages (-0.21 percent vs 1.24 percent); housing & utilities (-0.17 percent vs -1.31 percent), dragged by cheaper domestic heating oil; and health (-1.44 percent vs -1.63 percent). On a monthly basis, consumer prices edged up 0.22 percent, after a 0.44 percent increase in January. source: Statistics Belgium
Inflation Rate in Belgium averaged 5.56 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 March of 2021.
Inflation Rate in Belgium is expected to be 0.80 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 0.80 in 12 months time. In the long-term, the Belgium Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.