Inflation in Belgium
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
|Inflation Rate (HICP, annual variation in %)||0.6||1.8||2.2||2.3||1.3|
5 years of economic forecasts for more than 30 economic indicators.
Belgium Harmonized Inflation Chart
Source: Statistics Belgium and FocusEconomics calculations.
|Bond Yield||0.10||0.15 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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February 22, 2021
The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose to minus 9 in February, improving from January’s minus 10, despite the recent extension of pandemic-related restrictions until April.
February 10, 2021
Industrial output decreased 4.6% year-on-year in December (November: +0.2% yoy).
January 29, 2021
According to a flash estimate, the economy stagnated in the fourth quarter amid a second Covid-19 wave and tighter restrictions, growing a mere 0.2% on a seasonally-adjusted quarter-on-quarter basis, after rebounding 11.6% in Q3.
January 25, 2021
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell to minus 10 in January, deteriorating from December’s minus 8, amid the extension of Covid-19 related restrictions until March.
January 11, 2021
Industrial production dropped 0.4% in November (October: +5.7% yoy).