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Belgium Consumer Prices Fall For Second Month

Belgium's consumer prices dropped for the second straight month in December, figures from Statistics Belgium showed Tuesday.

The consumer price index fell 0.38 percent year-on-year in December, faster than the 0.11 percent decline in the previous month. In October, prices rose marginally by 0.09 percent after a 0.12 percent drop in the previous month.

The index in December dropped mainly due to price decreases for motor fuels and domestic heating oil.

Excluding energy, inflation accelerated to 0.81 percent in December from 0.74 percent in the previous month.

Food inflation remained negative and eased to -0.76 percent from -0.88 percent.

Core inflation that excludes energy and fresh food edged up to 1.06 percent in December from 1.01 percent in November.

Month-on-month, consumer prices fell 0.11 percent in December.

The average inflation rate in the current year stood at 0.34 percent, which was the lowest average inflation rate since 2009, when it accounted to -0.05 percent, the agency said.

by RTT Staff Writer

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