Inflation in Belgium
Belgium - 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 - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.1||0.3||0.6||2.0||2.1|
5 years of economic forecasts for more than 30 economic indicators.
Belgium 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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December 23, 2019
In October, industrial output expanded 4.9% on an annual and seasonally adjusted basis, decelerating from September’s 8.0% increase.
December 19, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell to minus 8 in December from minus 6 in November, marking the first deterioration after two consecutive monthly improvements.
November 29, 2019
A second national accounts estimate released by the National Bank of Belgium (NBB) on 29 November confirmed economic activity accelerated in the third quarter.
November 27, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose 2 points in November to minus 6, the second consecutive monthly improvement.
November 25, 2019
In September, industrial output expanded 6.0% on an annual and seasonally adjusted basis, accelerating from August’s revised 3.6% upturn (previously reported: +3.0% year-on-year seasonally adjusted).