Inflation in Belgium

Belgium Harmonized Inflation | Economic News & Forecasts

Belgium - Harmonized Inflation

Inflation jumps to highest level in more than two years

In March, consumer prices added 0.5% over the previous month, which was a notch below the 0.6% increase observed in February. The monthly rise mainly reflected higher prices for motor fuels and heating oil, which were partially offset by lower prices for cut flowers and vegetables. Annual headline inflation rose from 3.4% in February to 3.5% in March, which marked the highest inflation rate since October 2008. That said, HICP inflation (based on the harmonized index of consumer prices) fell from 3.7% in January to 3.5% in February (the last month for which data are available), driving annual average HICP inflation to 2.8%. The Central Bank expects HICP inflation to average 2.1% this year.


Belgium - Harmonized Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (HICP, annual variation in %)0.6  1.8  2.2  2.3  1.3  

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Belgium Harmonized Inflation Chart


Belgium Inflation
Note: Annual variation of harmonized consumer price index (HICP) in %.
Source: Statistics Belgium and FocusEconomics calculations.

Belgium Facts

Value Change Date
Bond Yield0.100.15 %Dec 31
Exchange Rate1.120.65 %Dec 31

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