Thailand: Inflation drops to lowest level since April in August
Inflation fell to 0.4% in August, below July’s 0.8%. August’s figure represented the lowest inflation rate since April. Looking at...
Inflation in Belgium
Harmonized consumer price inflation averaged 2.4% in the ten years to 2022, above the Euro Area average of 1.8%. The 2022 average figure was 10.3%. For more inflation information, visit our dedicated page.
Belgium Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Belgium from 2014 to 2023.
Source: Macrobond.
Belgium Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 1.2 | 0.4 | 3.2 | 10.3 | 2.3 |
| Inflation (HICP, ann. var. %, eop) | 0.9 | 0.4 | 6.6 | 10.2 | 0.5 |
Harmonized inflation rises to highest level since February 2023 in June
Harmonized inflation increased to 5.4% in June, which was up from May’s 4.9%. June's figure was the highest inflation rate in over a year. The reading was driven by rising growth in prices for food and non-alcoholic beverages, recreation, hospitality, and housing and utilities. Additionally, annual average harmonized inflation rose to 2.2% in June (May: 1.9%). Meanwhile, consumer price inflation rose to 3.7% in June from May’s 3.4%. Lastly, harmonized consumer prices increased 0.44% in June over the previous month, picking up from May's 0.20% increase. June's result marked the highest reading since February.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Belgian inflation projections for the next ten years from a panel of 19 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Belgian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Belgian inflation projections.
Want to get access to the full dataset of Belgian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
-
-
Indonesia: Inflation stabilizes in August
Inflation remained at 2.1% in August, unchanged from July’s figure. August’s result marked the joint-lowest inflation rate since February 2022.... -
Peru: Inflation drops to lowest level since May in August
Inflation inched down to 2.0% in August, following July’s 2.1%. August’s figure marked the weakest inflation rate since May, and... -
Kazakhstan: Inflation drops in August
Inflation ticked down to 8.4% in August from July’s 8.5%, though remaining entrenched above the Central Bank’s 5.0% medium-term target.... -
Korea: Inflation falls to lowest level since March 2021 in August
Inflation fell to 2.0% in August, following July’s 2.6%. August’s reading represented the weakest inflation rate since March 2021, and... -
Poland: Inflation ticks up in August
Inflation rose to 4.3% in August from 4.2% in July, remaining above the upper limit of the Central Bank’s inflation... -
Kenya: Inflation increases in August
Inflation ticked up to 4.4% in August from July’s 4.3%. Looking at the details of the release, faster price pressures...