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.