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Belgium Inflation February 2024

Belgium: Harmonized inflation comes in at highest level since March 2023 in February

Harmonized inflation came in at 3.6% in February, up from January’s 1.5%. February’s result was the highest inflation rate since March 2023. Looking at the details of the release, housing and utilities prices rose in February after dropping in the previous month, while price pressures for transportation picked up pace.

Annual average harmonized inflation fell to 1.7% in February (January: 1.8%). Meanwhile, consumer price inflation rose to 3.2% in February, from January’s 1.8%.

Finally, harmonized consumer prices increased 2.37% from the previous month in February, contrasting the 0.73% fall logged in January. February’s jump marked the highest reading since August 2023.

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