Belgium’s annual inflation rate edged up to 2.78 percent in November of 2018 from 2.75 in the previous month. It was the highest inflation rate since February of 2017, as prices rose faster for housing & utilities (5.79 percent from 5.48 percent in October); recreation & culture (2.53 percent from 1 percent); miscellaneous goods & services (1.41 percent from 1.39 percent); restaurant & hotels (2.66 percent from 1.64 percent); communication (0.82 percent from 0.66 percent) and alcoholic beverages & tobacco (4.05 percent from 3.9 percent). On the other hand, cost slowed for food & non-alcoholic beverages (1.88 percent from 2.64 percent); transport (3.69 percent from 4.48 percent); furniture & household equipment (0.80 percent from 0.93 percent); clothing & footwear (0.26 percent from 0.31 percent) and health (0.59 percent from 0.69 percent). On a monthly basis, consumer prices increased 0.1 percent, following a 0.73 percent gain in October. Inflation Rate in Belgium averaged 5.67 percent from 1921 until 2018, 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 2.70 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 3.10 in 12 months time. In the long-term, the Belgium Inflation Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.