Inflation Belgium 1974
Average inflation: 12.6%
Current Inflation
Inflation is very high at 12.6%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 16.3%. The lowest inflation was in January at 7.5%.
- Highest month
- November: 16.3%
- Lowest month
- January: 7.5%
- Difference
- 8.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 6.0% higher than the 5-year average of 6.6%. This approaches the highest level since records began (12.6% in 1974).
- 5-year average
- 6.6%
- 10-year average
- 5.1%
- All-time high (1974)
- 12.6%
- All-time low (1960)
- 0.3%
Trend
Inflation shows an upward trend. Compared to 1973, inflation has risen by +5.6 percentage point.
- Change vs. previous year
- +5.6 percentage points
- Largest monthly swing
- November: +9.6 percentage points
ECB Target
Inflation is 10.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €112.60 next year at this inflation rate.
Multi-year trend
Monthly figures 1974
Month overview
| Month | Inflation | Difference vs. 1973 |
|---|---|---|
| January | 7.5% | +0.6 |
| February | 8.3% | +1.4 |
| March | 9.4% | +2.4 |
| April | 10.4% | +3.2 |
| May | 11.5% | +4.0 |
| June | 12.6% | +5.7 |
| July | 13.7% | +7.1 |
| August | 14.6% | +7.7 |
| September | 15.6% | +8.9 |
| October | 15.8% | +9.0 |
| November | 16.3% | +9.6 |
| December | 15.7% | +8.4 |
| Average | 12.6% |
Data source
Data from OECD. Last updated: 20/12/2025.