Belgium city from above

Inflation in Belgium

Belgium Inflation

Harmonized inflation falls to near two-year low in June

Harmonized inflation came in at 1.6% in June, which was down from May’s 2.7%. June’s reading represented the lowest inflation rate since July 2021. The decline was broad-based, with reduced inflation recorded for food and non-alcoholic beverages and lower prices for transportation and housing and utilities.

In addition, the trend pointed down, with annual average harmonized inflation coming in at 7.6% in June (May: 8.3%). Meanwhile, consumer price inflation fell to 4.2% in June, from the previous month’s 5.2%.

Finally, harmonized consumer prices dropped 0.10% from the previous month in June, contrasting the 0.21% rise logged in May.

Belgium Inflation Chart

This chart displays Inflation (HICP, ann. var. %, aop) for Belgium from 2013 to 2022.

Belgium Inflation Data

2018 2019 2020 2021 2022
Inflation (HICP, ann. var. %, aop) 2.3 1.2 0.4 3.2 10.3
Inflation (HICP, ann. var. %, eop) 2.2 0.9 0.4 6.6 10.2

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