In February, consumer prices rose 0.6% over January, which matched the previous month's increase. The reading, which together with the previous month's price rise represented the highest monthly increase since June 2008, reflected increasing prices for electricity, heating oil, and, according to the Statistics Institute, for cut flowers (+23.0% mom) due to Valentine's Day. As a result of the pronounced price increase, annual inflation jumped from 3.2% in January to 3.4% in February, which represented the highest level since October 2008. Meanwhile, HICP inflation (based on the harmonised index of consumer prices) rose to 3.7% in January (the last month for which data are available), pushing annual average HICP inflation to 2.6%. The Central Bank expects HICP inflation to average 1.9% this year.
Inflation jumps to highest level in more than two years
February 25, 2011
Looking for forecasts related to Inflation in Belgium? Download a sample report now.
Belgium Economic News
October 21, 2016
The business confidence index produced by the National Bank of Belgium (NBB) rose from minus 2.2 points in September to minus 1.8 points in October.
Belgium: Business confidence recovers timidly but consumer confidence deteriorates further in September
September 23, 2016
The business confidence index produced by the National Bank of Belgium (NBB) rose from minus 3.1 points in August to minus 2.2 points in September.
September 23, 2016
In July, industrial production increased a seasonally-adjusted 1.9% over the previous month, which was above the 1.2% registered in June and represented a 6-months high.
August 31, 2016
In the second quarter of 2016, GDP increased a seasonally-adjusted 0.5% over the previous quarter, according to comprehensive data released by the National Bank of Belgium (NBB) on 31 August.
August 25, 2016
In June, industrial production increased a seasonally-adjusted 2.0% over the previous month, which contrasted the 0.4% contraction in May.