Belgium Inflation Rate

Last Release

Sep 30, 2024

Actual

3.06

Units In

2.86

Frequency

Monthly

Next Release

Oct 30, 2024

Time to Release

1 Months 0 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
222.81 Jan 1947	-18.11 Oct 1921	5.55 %	1921-2024	Statistics Belgium

In Belgium, the most important category in the consumer price index is Housing and Utilities (17.6 percent of total weight). Food and Non-Alcoholic Beverages accounts for 16.4 percent; Transport for 15.9 percent; Recreation and Culture for 9.3 percent; Miscellaneous Goods and Services for 9 percent and Restaurants and Hotels for 7.8 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Communication; Health; Alcoholic beverages and Tobacco and Education account for the remaining 24 percent of total weight.

Latest Updates

Belgium’s annual inflation rate edged up to 3.06% in September 2024, from 2.86% in the previous month. The increase was largely driven by a rebound in prices for food & non-alcoholic beverages (1.8% vs -0.29% in August 2024), along with higher inflation for clothing & footwear (4.67% vs 3.99%), housing & utilities (10.31% vs 8.94%), and miscellaneous goods & services (3.06% vs 2.86%). On the other hand, prices increased at a slower pace for alcoholic beverages & tobacco (2.62% vs 9.18%), restaurants & hotels (3.38% vs 3.84%), while dropping for furnishings & household equipment (-0.06% vs 1.16%) and transport (-1.52% vs -0.33%). On a monthly basis, consumer prices fell by 0.5%, following a flat reading in the previous month.