The annual inflation rate in Belgium fell to 1.7 percent in June of 2019 from 1.9 percent in the previous month. It was the lowest inflation since April of 2018, as cost slowed for housing & utilities (2.5 percent from 3 percent in May); transport (1.2 percent from 2.6 percent); miscellaneous goods & services (2.1 percent from 2.4 percent); restaurant & hotels (5.6 percent from 5.7 percent); furniture & household equipment (0.6 percent from 0.7 percent) and alcoholic beverages & tobacco (1.4 percent from 2.4 percent). Also, prices fell for communication (-0.1 percent from 0.1 percent) while inflation was steady for recreation & culture (2.7 percent); health (0.3 percent) and education (1.4 percent). On the other hand, cost rose faster for food & non-alcoholic beverages (0.8 percent from 0.7 percent) and clothing & footwear (0.4 percent from 0.2 percent). On a monthly basis, consumer prices edged up 0.1 percent, after showing no growth in May. Inflation Rate in Belgium averaged 5.65 percent from 1921 until 2019, 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.
Inflation Rate in Belgium is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Belgium to stand at 1.70 in 12 months time. In the long-term, the Belgium Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.