Belgium NBB Forecast: HICP: YoY: Food Inflation data was reported at 2.000 % in 2026. This records a decrease from the previous number of 3.000 % for 2025. Belgium NBB Forecast: HICP: YoY: Food Inflation data is updated yearly, averaging 2.650 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 12.000 % in 2023 and a record low of 0.900 % in 2021. Belgium NBB Forecast: HICP: YoY: Food Inflation data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

This statistic shows the monthly inflation rate, that is the change in the harmonized index of consumer prices (HICP) compared to the same month in the previous year in Belgium from January 2018 to January 2024. In January 2025, the inflation rate (HICP) in Belgium was 4.4 percent.

Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data was reported at 1.600 % in 2026. This records a decrease from the previous number of 1.900 % for 2025. Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data is updated yearly, averaging 1.550 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 6.200 % in 2023 and a record low of 1.300 % in 2021. Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

Harmonised Inflation Rate YoY in Belgium increased to 2.90 percent in June from 2.80 percent in May of 2025. This dataset includes a chart with historical data for Belgium Harmonised Inflation Rate YoY.

In 2022, the harmonized inflation rate in the Netherlands increased by 8.8 percentage points. Of the three Benelux countries, the Netherlands saw the highest inflation. In 2020, the harmonized inflation rate was 0.4 percent in Belgium. Inflation in Luxembourg was zero.

 HCIP forecast  

In the next three years, the harmonized inflation rate in the Netherlands was forecast to be between 1.4 and 2.6 percent annually. According to the European Commission forecast, the inflation rate would peak in 2019, before slightly decreasing again the next years.

Inflation in the Caribbean  

In the Caribbean part of the Kingdom of the Netherlands, inflation was considerably lower than on the European mainland. Although the inflation rate in Curaçao was 2.6 percent in 2018, in 2015 and 2016 inflation had been -0.5 and 0 percent respectively. In Sint Maarten, the inflation rate reached 0.1 percent in 2016. Finally, Aruba had negative inflation for two consecutive years in a row before increasing to 3.6 percent in 2018.

(CDID: D7SL) Year - Consumer price inflation time series Time series data for public sector finances and important fiscal aggregates, based on the new European System of Accounts 2010: ESA10 framework.

Belgium NBB Forecast: HICP: YoY: Energy Inflation data was reported at -2.500 % in 2026. This records a decrease from the previous number of -0.900 % for 2025. Belgium NBB Forecast: HICP: YoY: Energy Inflation data is updated yearly, averaging 4.050 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 57.900 % in 2022 and a record low of -30.800 % in 2023. Belgium NBB Forecast: HICP: YoY: Energy Inflation data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

As of April 2025, the inflation rate in the European Union was 2.4 percent, with prices rising fastest in Romania, which had an inflation rate of 4.9 percent. By contrast, both France and Cyprus saw low inflation rates during the same period, with France having the lowest inflation rate in the EU during this month. The rate of inflation in the EU in the October 2022 was higher than at any other time, with the peak prior to 2021 recorded in July 2008 when prices were growing by 4.4 percent year-on-year. Before the recent rises in inflation, price rises in the EU had been kept at relatively low levels, with the inflation rate remaining below three percent between January 2012 and August 2021. Rapid recovery and energy costs driving inflation The reopening of the European economy in 2021 following the sudden shock of COVID-19 in 2020 is behind many of the factors that have caused prices to rise so quickly in 2022. Global supply chains have not yet recovered from production issues, travel restrictions, and workforce problems brought about by the pandemic. Rising energy costs have only served to exacerbate supply problems, particularly with regard to the transport sector, which had the highest inflation rate of any sector in the EU in December 2021. High inflation rates mirrored in the U.S. The high inflation rates seen in Europe have been reflected in other parts of the world. In the United States, for example, the consumer price index reached a 40-year-high of seven percent in December 2021, influenced by many of the same factors driving European inflation. Nevertheless, it is hoped that once these supply chain issues ease, inflation levels will start to fall throughout the course of 2022.