Inflation Belgium 2002
Average inflation: 1.7%
Current Inflation
Inflation is low at 1.7%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 2.9%. The lowest inflation was in June at 0.9%.
- Highest month
- January: 2.9%
- Lowest month
- June: 0.9%
- Difference
- 2.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 4.4%. The lowest price increase was in Communication with an average of 0.3%.
- Highest increase
- Restaurants and hotels: 4.4%
- Lowest increase
- Communication: 0.3%
Historical Context
Current inflation is around the 5-year average of 1.8%.
- 5-year average
- 1.8%
- 10-year average
- 1.7%
- All-time high (2001)
- 2.5%
- All-time low (1998)
- 1%
Trend
Inflation has remained relatively stable. Compared to 2001, the difference is minimal (-0.8 percentage point).
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- June: -2.0 percentage points
ECB Target
Inflation is 0.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 2.9% | +0.7 |
| February | 2.6% | +0.3 |
| March | 2.7% | +0.6 |
| April | 1.8% | -1.0 |
| May | 1.3% | -1.8 |
| June | 0.9% | -2.0 |
| July | 1.3% | -1.3 |
| August | 1.3% | -1.4 |
| September | 1.3% | -1.0 |
| October | 1.3% | -1.1 |
| November | 1.1% | -1.0 |
| December | 1.4% | -0.8 |
| Average | 1.7% |
Data source
Data from OECD. Last updated: 13/01/2026.