Belgium's annual inflation rate edged up to 2.33 percent in March of 2019 from 2.17 percent in the previous month. Prices rose faster for housing & utilities (4.21 percent from 4.09 in February); transport (2.89 percent from 2.22 percent); miscellaneous goods & services (2.25 percent from 1.98 percent) and for hotels & restaurants (3.25 percent from 1.11 percent). On the other hand, inflation slowed for food & non-alcoholic beverages (1.16 percent from 1.47 percent); health (0.25 percent from 0.43 percent); furnishings (0.95 percent from 1.06 percent) and for communications (0.07 percent from 0.29 percent). On a monthly basis, consumer prices inched up 0.3 percent, following a 0.35 percent rise in February. Inflation Rate in Belgium averaged 5.66 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 2.10 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 2.50 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.