Belgium Inflation Climbs To 40-Month High
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10 Articles
Annual inflation rises to 4.69% in September from 3.97% in August; diesel prices climb 44.1% from year earlier
Belgium Inflation Climbs To 40-month High
Belgium's consumer price inflation accelerated further in September to the highest level in more than three years amid soaring energy costs. The consumer price index climbed 4.69 percent year-over-year in September, faster than the 3.97 percent rise in August. Inflation based on energy quickened to 24.4 percent from 16.5 percent, led by 33.9 percent surge in motor fuel costs.
Inflation rises further this month to 4.69 percent, coming close to the 5 percent mark. Notably, the health index, on which wages are adjusted, remains stuck at 4 percent. “As a result, wages are rising less rapidly than the cost of living, and the average family is losing purchasing power,” says Professor of Labour Economics Stijn Baert (UGent).
The rise in energy prices continued to fuel inflation, which rose in Belgium from 3.97% in August to 4.69% in September, according to figures published on Tuesday by Statbel. ...
Inflation, the figure reflecting the general rise in the price level, continues to climb to 4.69 percent. This increase is naturally largely due to high energy and fuel prices. And that, in turn, is linked to the ongoing war in the Middle East.
In Belgium, annual inflation rose to 4.69 percent in September, reaching its highest level since May 2023, driven by increasing energy prices.
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