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.

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Belgium Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.46 0.26 222.81 -18.11 1921 - 2021 percent Monthly
2013=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-27 10:30 AM Nov 0.51% 0.74% 0.6%
2020-12-23 10:30 AM Dec 0.41% 0.51% 0.6%
2021-01-28 10:30 AM Jan 0.26% 0.41%
2021-02-25 10:30 AM Feb 0.46% 0.26% 0.5%
2021-03-30 09:30 AM Mar 0.46%
2021-04-29 09:30 AM Apr
2021-05-28 09:30 AM May
2021-06-29 09:30 AM Jun


News Stream
Belgium Inflation Slightly Steeper at 0.46%
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.
2021-02-25
Belgium Inflation at 6-Year Low
The annual inflation rate in Belgium decreased to 0.26 percent in January of 2021, the lowest since March of 2015, from 0.41 percent in the previous month. Prices continued to fall for housing & utilities (-1.31 percent vs -1.4 percent in December), dragged by cheaper domestic heating oil and private rents; transport (-0.78 percent vs -0.35 percent), and health (-1.63 percent vs -1.61 percent). Also, cost slowed for food and non-alcoholic drinks (1.24 percent vs 1.61 percent), due to cheaper fish and seafood, but accelerated for recreation and culture (1.98 percent vs 1.88 percent). On a monthly basis, consumer prices went up 0.44 percent, after an upwardly revised 0.03 percent increase in December.
2021-01-28
Belgium Inflation Rate Drops to 6-Month Low in November
The annual inflation rate in Belgium decreased to 0.51 percent in November of 2020 from 0.74 percent in the previous month, the lowest since May. Cost slowed for furniture & household goods (1.4 percent vs 1.6 percent in October) and prices fell faster for housing & utilities (-1.5 percent vs -1.3 percent); transport (-0.8 percent vs -0.3 percent) and communication (-0.7 percent vs -0.4 percent). On the other hand, prices for food & non-alcoholic beverages advanced faster (2.6 percent vs 2.5 percent). On a monthly basis, consumer prices went down 0.16 percent, after a 0.2 percent increase in October.
2020-11-27
Belgium Inflation Rate Rises to 0.8% in August
Belgium's inflation rate increased to 0.82 percent year-on-year in August 2020 from 0.73 percent in the previous month, with the largest upward effect coming from fresh seafood (34.4 percent), postal mail (13.8 percent), jewelry (13.2 percent) and fresh fruit (10.7 percent). At the same time, there were declines in cost of natural gas (-15.8 percent), holiday centers, camping sites and youth hostels (-15.6 percent), domestic heating oil (-14.6 percent) and transport by airplane (-14.4 percent). On a monthly basis, consumer prices advanced 0.06 percent in August, as higher prices for non-alcoholic beverages, restaurants and cafés, bread and cereals, hotel rooms, alcoholic beverages and the purchase of vehicles were offset by decreases in fruit, airplane tickets, vegetables, holiday villages and camping sites.
2020-08-28

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.