Belgium’s annual inflation rate climbed to 7.6 percent in January of 2022 from 5.7 percent in the previous month. It was the highest reading since August of 1983, as prices jumped for housing and utilities (27 percent vs 18.2 percent in December); and accelerated for food and non-alcoholic beverages (2.4 percent vs 1.2 percent in December); and transport (8.7 percent vs 8 percent). To a lesser extent, prices also rose for miscellaneous goods and services (3.5 percent vs 2.3 percent) and restaurants and hotels (4.9 percent vs 4.4 percent). On the other hand, inflation remained steady for clothing and footwear (at 0.81 percent) whereas eased slightly for recreation and culture (2.9 percent vs 3 percent). On a monthly basis, consumer prices advanced 2.23 percent, jumping from a 0.1 percent uptick in the previous month. source: Statistics Belgium
Inflation Rate in Belgium averaged 5.54 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 January of 2022.
Inflation Rate in Belgium is expected to be 5.20 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 1.70 percent in 2023, according to our econometric models.