Inflation Belgium 2019
Average inflation: 1.5%
Current Inflation
Inflation is low at 1.5%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in March at 2.3%. The lowest inflation was in November at 0.4%.
- Highest month
- March: 2.3%
- Lowest month
- November: 0.4%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 2.9%. The lowest price increase was in Communication with an average of -0.1%.
- Highest increase
- Restaurants and hotels: 2.9%
- Lowest increase
- Communication: -0.1%
Historical Context
Current inflation is around the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 10-year average
- 1.8%
- All-time high (2008)
- 4.5%
- All-time low (2009)
- -0.1%
Trend
Inflation has remained relatively stable. Compared to 2018, the difference is minimal (-0.6 percentage point).
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- November: -2.4 percentage points
ECB Target
Inflation is 0.5% 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 €101.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 2.0% | +0.3 |
| February | 2.2% | +0.7 |
| March | 2.3% | +0.9 |
| April | 2.1% | +0.6 |
| May | 1.9% | +0.1 |
| June | 1.7% | -0.4 |
| July | 1.4% | -0.8 |
| August | 1.3% | -0.9 |
| September | 0.8% | -1.5 |
| October | 0.5% | -2.3 |
| November | 0.4% | -2.4 |
| December | 0.8% | -1.5 |
| Average | 1.5% |
Data source
Data from OECD. Last updated: 11/01/2026.