Belgium’s annual inflation rate surged to 2.9 percent in September of 2021, from 2.7 percent in August, reaching its highest since February of 2017. Main upward pressure came from prices of housing utilities (7.7 percent vs 7.1 percent), namely natural gas (48.9 percent) and electricity (17.3 percent), alcoholic beverages & tobacco (5.2 percent vs 3.1 percent), and transport (6 percent vs 5.2 percent). Meantime, prices advanced at a softer pace for recreation & culture (2.5 percent vs 2.8 percent), and restaurants & hotels (2.2 percent vs 3.1 percent), while prices fell further for food & non-alcoholic beverages (-1 percent vs -0.3 percent). On a monthly basis, consumer prices went down by 0.25 percent, following a 0.5 percent increase in the previous month. source: Statistics Belgium

Inflation Rate in Belgium averaged 5.54 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 October of 2021.

Inflation Rate in Belgium is expected to be 2.86 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 1.60 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Belgium Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-06-29 09:30 AM Jun 1.63% 1.46% 1.7%
2021-07-29 09:30 AM Jul 2.27% 1.63% 1.6%
2021-08-30 09:30 AM Aug 2.73% 2.27% 2.4%
2021-09-29 09:30 AM Sep 2.86% 2.73% 3%
2021-10-28 10:30 AM Oct 2.86%
2021-11-29 10:30 AM Nov
2021-12-23 10:30 AM Dec 2.7%


News Stream
Belgium Inflation Rate at Over 4-Year High
Belgium’s annual inflation rate surged to 2.9 percent in September of 2021, from 2.7 percent in August, reaching its highest since February of 2017. Main upward pressure came from prices of housing utilities (7.7 percent vs 7.1 percent), namely natural gas (48.9 percent) and electricity (17.3 percent), alcoholic beverages & tobacco (5.2 percent vs 3.1 percent), and transport (6 percent vs 5.2 percent). Meantime, prices advanced at a softer pace for recreation & culture (2.5 percent vs 2.8 percent), and restaurants & hotels (2.2 percent vs 3.1 percent), while prices fell further for food & non-alcoholic beverages (-1 percent vs -0.3 percent). On a monthly basis, consumer prices went down by 0.25 percent, following a 0.5 percent increase in the previous month.
2021-09-29
Belgium Inflation Rate Quickens to Near 3-Year High
Belgium’s annual inflation rate surged to 2.7 percent in August of 2021, from 2.3 percent in July, reaching its highest since November of 2018. Main upward pressure came from prices of housing utilities (7.1 percent vs 5.7 percent), namely natural gas (49.4 percent) and electricity (17.4 percent). Costs also advanced faster for transportation (5.2 percent vs 4.8 percent), of which fuels such as petrol (15.6 percent) and diesel (15 percent), alcoholic beverages and tobacco, (3.1 percent vs 2 percent), hotels and restaurants (3.1 percent vs 2.6 percent), and recreation and culture (2.8 percent vs 2.6 percent). Meanwhile, prices fell for food & non-alcoholic beverages (-0.3 percent vs -0.9 percent). On a monthly basis, consumer prices inched up by 0.5 percent.
2021-08-30
Belgium Inflation Rate at Over 2-Year High
Belgium’s annual inflation rate surged to 2.27 percent in July of 2021, following a 1.63 percent jump in the previous month. It was the highest reading since March of 2019, mainly driven by prices for housing & utilities (5.66 percent vs 3.66 percent), alcoholic beverages & tobacco (2.03 percent vs 1.8 percent), restaurants & hotels (2.6 percent vs 1.7 percent) and clothing & footwear (0.5 percent vs 0.4 percent). Meanwhile, inflation rebounded for health (0.3 percent vs -1.7 percent) and deflation slowed for food & non-alcoholic beverages (-0.9 percent vs -1.2 percent). On a monthly basis, consumer prices inched up 0.85 percent, following a 0.23 percent uptick in the prior month.
2021-07-29
Belgium Inflation Rate at 2-Year High
Belgium’s annual inflation rate quickened to 1.63 percent in June of 2021, following a 1.46 percent rise in the previous month. It was the highest reading since June of 2019, primarily driven by prices in accommodation and food service activities and energy. Accordingly, main upward pressure was observed in transport (4.98 percent vs 5.98 percent in May); housing & utilities (3.66 percent vs 2.49 percent); miscellaneous goods & services (1.84 percent vs 1.77 percent); alcoholic beverages & tobacco (1.82 percent vs 2.65 percent); and restaurants & hotels (1.70 percent vs 1.11 percent). On a monthly basis, consumer prices advanced 0.23 percent, following a 0.15 percent increase in May.
2021-06-29

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.

Belgium Last Unit Reference Previous Highest Lowest
Inflation Rate 2.86 percent Sep/21 2.73 222.81 -18.11
Inflation Rate Mom -0.25 percent Sep/21 0.52 178.79 -5.20
Consumer Price Index CPI 112.55 points Sep/21 112.83 112.83 11.65
Producer Prices 134.00 points Aug/21 132.30 134.00 72.20
Food Inflation -0.98 percent Sep/21 -0.34 7.62 -1.58
CPI Transportation 113.50 points Sep/21 113.01 113.50 85.46
Cpi Housing Utilities 114.73 points Sep/21 114.14 114.73 78.38
Producer Prices Change 20.00 percent Aug/21 18.90 20.00 -8.80