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
|Exchange Rate (USD per EUR, eop)||1.2||1.1||1.1||1.2||1.1|