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.