logo
  

Belgium Inflation Highest Since October 1982

Belgium's consumer price inflation accelerated further in June to reach its highest level in nearly four decades, driven primarily by increased energy prices, figures from the statistical office showed on Wednesday.

The consumer price index climbed 9.65 percent year-over-year in June, faster than the 8.97 percent rise in May.

Moreover, the latest inflation was the strongest since October 1982, when prices had grown 9.84 percent.

The recent upturn in inflation was largely driven by a 55.99 percent jump in energy prices. Food prices also logged a sharp growth of 8.44 percent.

Excluding energy, inflation rose to 5.26 percent in June from 4.53 percent a month ago.

The core inflation, which excludes energy products and unprocessed food, also increased to 5.07 percent in June from 4.43 percent in May.

Inflation based on the health index stood at 8.72 percent in June, up from 8.34 percent in the prior month.

On a monthly basis, consumer prices edged up 0.85 percent in June.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT