Belgium Inflation Rate Quickens Further in October

2026-10-29 10:43 By Larissa Caser 1 min. read

Belgium’s annual inflation rate rose to 5.26% in October 2026, its highest level since April 2023, up from 4.69% in September.

The acceleration was primarily driven by energy prices, with energy inflation surging to 33.22% from 24.37%, while electricity inflation climbed to 23.7% from 13.1%.

Inflation accelerated in housing, water and energy (14015% vs 9.51%), while remaining elevated for transport (6.92% vs 6.98%).

Price growth also rose in health (6.85% vs 6.74%) and education (18.76% vs 2.4%).

In contrast, inflation softened in recreation and culture (6.99% vs 8.95%), hotels and restaurants (4.51% vs 5.06%), while food prices fell 0.28% following a flat reading in the prior month.

Excluding energy, inflation eased to 2.6% from 2.83%.

Meanwhile, the EU harmonised annual inflation rate rose to 5.2%, its highest level since July 2024, up from 4.5% in the prior month.

On a monthly basis, consumer prices increased by 0.91%, accelerating from a 0.39% rise in September.



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Belgium Inflation Rate Quickens Further in October
Belgium’s annual inflation rate rose to 5.26% in October 2026, its highest level since April 2023, up from 4.69% in September. The acceleration was primarily driven by energy prices, with energy inflation surging to 33.22% from 24.37%, while electricity inflation climbed to 23.7% from 13.1%. Inflation accelerated in housing, water and energy (14015% vs 9.51%), while remaining elevated for transport (6.92% vs 6.98%). Price growth also rose in health (6.85% vs 6.74%) and education (18.76% vs 2.4%). In contrast, inflation softened in recreation and culture (6.99% vs 8.95%), hotels and restaurants (4.51% vs 5.06%), while food prices fell 0.28% following a flat reading in the prior month. Excluding energy, inflation eased to 2.6% from 2.83%. Meanwhile, the EU harmonised annual inflation rate rose to 5.2%, its highest level since July 2024, up from 4.5% in the prior month. On a monthly basis, consumer prices increased by 0.91%, accelerating from a 0.39% rise in September.
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Belgium’s annual inflation rate climbed to 4.69% in September 2026, its highest level since May 2023, from 3.97% in the previous month. Energy inflation accelerated sharply to 24.4% from 16.5%, while inflation for housing and utilities surged to 9.5% from 6.9%. Transport inflation also increased to 7% from 5.3%. Additional upward pressure came from higher price growth in health (6.7% vs 6.6%), information and communication (1.9% vs 1.6%), and restaurants and hotels (5.1% vs 3.7%). In contrast, inflation in recreation, sports and culture eased to 8.9% from 9.2%, while food prices were unchanged from a year earlier, following a 0.3% increase in August. On a monthly basis, consumer price growth remained broadly stable, with prices rising 0.39% after a 0.41% increase in August.
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Belgium’s annual inflation rate rose by 3.97% in August 2026 from 3.56% in the previous month, marking the strongest growth in three months. Energy prices jumped to 16.47% from 10.59%, while electricity inflation slowed to 7.8% from 7.9%. Moreover, costs increased for alcoholic beverages and tobacco (2.41% vs 1.22% in July), clothing and footwear (2.97% vs 1.21%), housing utilities (6.92% vs 4.88%), furniture and household equipment (0.46% vs 0.41%), transportation (5.29% vs 5.23%), information and communication (1.64% vs 0.92%), and insurance and financial services (3.69% vs 3.43%). Meanwhile, price growth moderated for food and non-alcoholic beverages (0.26% vs 0.29%), health (6.62% vs 6.66%), recreation and culture (8.16% vs 8.90%), and miscellaneous goods and services (1.68% vs 1.80%). On a monthly basis, consumer prices grew by 0.41% in August, easing from a 0.63% increase in July.
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