The annual inflation rate in Belgium rose to 1.23 percent in April of 2021, the fastest since January of 2020, from 0.89 percent in the previous month. Main upward pressure came from prices of transport (5.31 percent vs 3.25 percent in March), housing & utilities (1.51 percent vs 0.50 percent), and communications (1.86 percent vs 0.43 percent). In contrast, faster deflationary paces were recorded for food & non-alcoholic beverages (-1.19 percent vs -0.58 percent) and health services (-1.49 percent vs -1.47 percent). On a monthly basis, consumer prices edged up 0.33 percent in April, following a 0.27 percent increase in March. source: Statistics Belgium

Inflation Rate in Belgium averaged 5.55 percent from 1921 until 2021, 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 May of 2021.

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 2.30 in 12 months time. In the long-term, the Belgium Inflation Rate is projected to trend around 1.50 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Belgium Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.23 0.89 222.81 -18.11 1921 - 2021 percent Monthly
2013=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-28 10:30 AM Jan 0.26% 0.41%
2021-02-25 10:30 AM Feb 0.46% 0.26% 0.5%
2021-03-30 09:30 AM Mar 0.89% 0.46% 0.8%
2021-04-29 09:30 AM Apr 1.23% 0.89% 1.1%
2021-05-28 09:30 AM May 1.23%
2021-06-29 09:30 AM Jun
2021-07-29 09:30 AM Jul
2021-08-30 09:30 AM Aug


News Stream
Belgium Inflation Rate Reaches 15-month High
The annual inflation rate in Belgium rose to 1.23 percent in April of 2021, the fastest since January of 2020, from 0.89 percent in the previous month. Main upward pressure came from prices of transport (5.31 percent vs 3.25 percent in March), housing & utilities (1.51 percent vs 0.50 percent), and communications (1.86 percent vs 0.43 percent). In contrast, faster deflationary paces were recorded for food & non-alcoholic beverages (-1.19 percent vs -0.58 percent) and health services (-1.49 percent vs -1.47 percent). On a monthly basis, consumer prices edged up 0.33 percent in April, following a 0.27 percent increase in March.
2021-04-29
Belgium Inflation Rate Rises to 0.89% in March
The annual inflation rate in Belgium went up to 0.89 percent in March of 2021, the fastest since September of 2020, from 0.46 percent in the previous month. Main upward pressure came from prices of transports (3.25 percent vs 0.79 in February), other goods & services (1.52 percent vs 1.51 percent), recreation & culture (1.58 percent vs 1.98 percent) and alcoholic beverages & tobacco (2.72 percent vs 3.19 percent). In contrast, prices fell more for food & non-alcoholic beverages (-0.58 percent vs -0.21 percent); and health services (-1.47 percent vs -1.44 percent). On a monthly basis, consumer prices edged up 0.27 percent, following a 0.22 percent increase in February.
2021-03-30
Belgium Inflation Slightly Steeper at 0.46%
The annual inflation rate in Belgium went up to 0.46 percent in February of 2021, the fastest since November of 2020, from 0.22 percent in the previous month. Main upward pressure came from prices of recreation & culture (1.98 percent, unchanged from January); other goods & services (1.51 percent vs 1.93 percent), mainly due to services; alcoholic beverages & tobacco (3.19 percent vs 1.79 percent); and transports (0.79 percent vs -0.78 percent in January). On the other hand, main downward pressure came from prices of food & non-alcoholic beverages (-0.21 percent vs 1.24 percent); housing & utilities (-0.17 percent vs -1.31 percent), dragged by cheaper domestic heating oil; and health (-1.44 percent vs -1.63 percent). On a monthly basis, consumer prices edged up 0.22 percent, after a 0.44 percent increase in January.
2021-02-25
Belgium Inflation at 6-Year Low
The annual inflation rate in Belgium decreased to 0.26 percent in January of 2021, the lowest since March of 2015, from 0.41 percent in the previous month. Prices continued to fall for housing & utilities (-1.31 percent vs -1.4 percent in December), dragged by cheaper domestic heating oil and private rents; transport (-0.78 percent vs -0.35 percent), and health (-1.63 percent vs -1.61 percent). Also, cost slowed for food and non-alcoholic drinks (1.24 percent vs 1.61 percent), due to cheaper fish and seafood, but accelerated for recreation and culture (1.98 percent vs 1.88 percent). On a monthly basis, consumer prices went up 0.44 percent, after an upwardly revised 0.03 percent increase in December.
2021-01-28

Belgium Inflation Rate
In Belgium, the most important category in the consumer price index is Housing and Utilities (17.6 percent of total weight). Food and Non-Alcoholic Beverages accounts for 16.4 percent; Transport for 15.9 percent; Recreation and Culture for 9.3 percent; Miscellaneous Goods and Services for 9 percent and Restaurants and Hotels for 7.8 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Communication; Health; Alcoholic beverages and Tobacco and Education account for the remaining 24 percent of total weight.