Belgium’s annual inflation rate climbed to 9.65 percent in June of 2022, from 8.97 percent in May. It was the highest reading since October of 1982, underpinned by higher prices of food and non-alcoholic beverages (8.62 percent vs 6.62 percent in May); transport (14.23 percent vs 11.87 percent vs 10.6 percent), recreation and culture (4.8 percent vs 4.44 percent); and restaurants and hotels (4.58 percent vs 4.42 percent). Meanwhile, prices eased for housing and utilities (23.63 percent vs 24.91 percent). On a monthly basis, consumer prices rose 0.85 percent, edging up from a 0.77 percent rise in the previous month. 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 July of 2022.
Inflation Rate in Belgium is expected to be 9.70 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.