Belgium’s annual inflation rate stood at 8.31 percent in April of 2022, unchanged from March and the highest since March 1983. Prices advanced faster for food and non-alcoholic beverages (5.31 percent vs 4.82 percent in March), recreation & culture (3.56 vs 2.57 percent) and miscellaneous goods & services (4.37 percent vs 3.73 percent). On the other hand, prices slowed for housing & utilities (24.22 percent vs 24.82 percent) and transport (10.60 percent vs 11.24 percent). On a monthly basis, consumer prices increased by 0.33 percent, easing from the 0.52 percent increase in March. source: Statistics Belgium
Inflation Rate in Belgium averaged 5.55 percent from 1921 until 2022, 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 May of 2022.
Inflation Rate in Belgium is expected to be 8.20 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 1.50 percent in 2023 and 1.70 percent in 2024, according to our econometric models.