The annual inflation rate in Belgium decreased to 0.51 percent in November of 2020 from 0.74 percent in the previous month, the lowest since May. Cost slowed for furniture & household goods (1.4 percent vs 1.6 percent in October) and prices fell faster for housing & utilities (-1.5 percent vs -1.3 percent); transport (-0.8 percent vs -0.3 percent) and communication (-0.7 percent vs -0.4 percent). On the other hand, prices for food & non-alcoholic beverages advanced faster (2.6 percent vs 2.5 percent). On a monthly basis, consumer prices went down 0.16 percent, after a 0.2 percent increase in October. source: Statistics Belgium
Inflation Rate in Belgium averaged 5.58 percent from 1921 until 2020, reaching an all time high of 222.81 percent in January of 1947 and a record low of -18.11 percent in October of 1921. This page provides the latest reported value for - Belgium Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Belgium Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Inflation Rate in Belgium is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Belgium to stand at 1.70 in 12 months time. In the long-term, the Belgium Inflation Rate is projected to trend around 1.80 percent in 2021 and 2.00 percent in 2022, according to our econometric models.