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 %)||0.6||2.0||2.1||2.1||1.4|
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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Belgium: Consumer confidence remains optimistic in September, while business confidence at four-month low
September 24, 2021
The consumer confidence indicator produced by the National Bank of Belgium (NBB) came in at plus 8.0 in September, rising from August’s plus 5.0 result and thus moving further into optimistic territory.
August 30, 2021
A second estimate confirmed that GDP growth accelerated on a seasonally-adjusted quarter-on-quarter basis in the second quarter, expanding 1.7% (previously reported: +1.4% s.a.
August 23, 2021
The consumer confidence indicator produced by the National Bank of Belgium (NBB) came in at plus 5 in August, falling from July’s plus 8 result, but remaining in optimistic territory.
August 10, 2021
Industrial output grew 23.2% year-on-year in calendar-adjusted terms in June (May: +19.5% c.a.
July 29, 2021
According to a preliminary reading, GDP growth edged up to 1.4% on a seasonally-adjusted quarter-on-quarter basis in the second quarter, from 1.1% in the first quarter.