Harmonized inflation fell to 7.4% in January (December: 10.2%), its lowest rate since December 2021, on lower energy prices. However, core inflation rose above the headline reading on second-round effects. Inflation should ease this year on higher interest rates and lower commodity prices. Higher-than-expected gas prices and a potential wage-price spiral pose upside risks.
Belgium Exchange Rate (USD per EUR, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Exchange Rate (USD per EUR, eop) | 1.2 | 1.1 | 1.1 | 1.2 | 1.1 |