Belgium Producer Inflation Accelerates

Belgium's producer prices rose 9.7% year-on-year in May 2026, up from 8.7% in April and marking the strongest increase since January 2023. Price growth accelerated in both domestic and foreign markets, to 9.1% from 8.2% and 11.3% from 9.7%, respectively. By sector, manufacturing posted the largest increase, with prices up 10.3% after a 9.3% rise. Mining and quarrying accelerated to 1.9% from 0.6%, while inflation for electricity, gas, steam and air conditioning supply edged up to 4.3% from 4.2%. Meanwhile, inflation for water supply, sewerage, waste management and remediation activities remained steady at 4.2% for a third consecutive month. On a monthly basis, producer prices increased 1.1%, easing from April's 1.6% rise. Excluding energy, producer inflation accelerated to 1.9% from 1.7%.

Producer prices in Belgium surged by 8.7% year-on-year in April 2026, accelerating sharply from a 3.5% increase in March and marking the strongest rise since March 2023. The acceleration was driven by both domestic prices, which climbed 8.2% after rising 3.7% in March, and non-domestic prices, which jumped 9.7% following a 3.3% increase. Price pressures were broad-based across industries, led by manufacturing, where producer prices surged 9.3%, up significantly from 4.7% in the previous month. Inflation rebounded for mining and quarrying (0.6% vs -0.1%) and electricity, gas, steam and air conditioning supply (2.5% vs -9.1%). Meanwhile, inflation stood for water supply, sewerage, waste management, and remediation activities at 4.2%. On a monthly basis, producer prices rose 2.9% in April, mainly driven by a 7.4% increase in energy prices. Excluding energy, producer prices were up 1.7% from the previous month.

Producer prices in Belgium rose by 3.5% year-on-year in March 2026, rebounding from a 0.4% drop in the previous month. This marked the first producer inflation in 2026 and the strongest growth in January 2025, driven by higher prices in the domestic market (3.7% vs 1% in February), while costs recovered in the non-domestic markets (3.3% vs 3.6%). Among sectors, prices increased for manufacturing (4.7% vs 0.3%). Additionally, deflation slowed for mining and quarrying (-0.1% vs -0.7%). In contrast, costs moderated for water supply, sewerage, waste management, and remediation activities (4.2% vs 4.4%), while prices declined further for electricity, gas, steam, and air-conditioning supply (-9.1% vs -8.8%). On a monthly basis, producer prices advanced by 3.3% in March, following a 0.4% gain in the preceding period.