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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November 30, 2021
GDP growth edged up to 2.0% on a calendar- and seasonally-adjusted quarter-on-quarter basis in the third quarter, following the 1.7% rise logged in the second quarter.
November 25, 2021
The consumer confidence indicator produced by the National Bank of Belgium (NBB) came in at plus 1.0 in November, falling from October’s plus 4.0 result.
November 12, 2021
Industrial output increased 10.8% year-on-year in calendar-adjusted terms in October (September: +18.1% c.a.
October 28, 2021
According to a preliminary reading, GDP growth came in at 1.8% on a seasonally-adjusted quarter-on-quarter basis in the third quarter, rising slightly from 1.7% in the second quarter.
October 25, 2021
The consumer confidence indicator produced by the National Bank of Belgium (NBB) came in at plus 4.0 in October, falling from September’s plus 8.0 result.