Producer Prices in Belgium
Belgium - Producer Prices
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 - Producer Prices Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | - | - | - | - | - |
Belgium Producer Prices Chart
Source: National Bank of Belgium and FocusEconomics calculations
Belgium Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.10 | 0.15 % | Dec 31 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Belgium: Consumer confidence rises for the third month in a row in June but remains below pre-war levels
June 22, 2022
Consumer confidence came in at minus 11.0 in June, up from May's minus 13.0, and marking the third month in a row that consumers became more optimistic.
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Belgium: Industrial output contracts at sharpest pace since December 2020 in April
June 10, 2022
Industrial production dropped 0.2% year on year in calendar-adjusted terms in April (March: +4.9% c.a.
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Belgium: GDP growth gathers momentum in the first quarter
May 31, 2022
GDP growth sped up to 0.5% on a seasonally-adjusted quarter-on-quarter basis in the first quarter, from 0.4% in the fourth quarter of last year.
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Belgium: Consumer confidence rises in May
May 20, 2022
Consumer confidence came in at minus 13.0 in May, up from April's minus 14.0. The headline print largely reflected improved sentiment regarding consumers’ financial situation in the next 12 months, their assessments of the general economic situation in the next 12 months as well as reduced concerns about an unemployment increase.
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Belgium: Industrial output falls at sharpest rate since December 2020 in March
May 10, 2022
Industrial production declined 3.7% year-on-year in calendar-adjusted terms in March (February: +7.3% c.a.
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