Inflation Belgium 2020
Average inflation: 0.7%
Current Inflation
Inflation is very low at 0.7%, well below the ECB target.
Peak and Trough
The highest inflation was in January at 1.4%. The lowest inflation was in December at 0.4%.
- Highest month
- January: 1.4%
- Lowest month
- December: 0.4%
- Difference
- 1.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 3.1%. The lowest price increase was in Housing, water, electricity, gas and other fuels with an average of -1.8%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 3.1%
- Lowest increase
- Housing, water, electricity, gas and other fuels: -1.8%
Historical Context
Current inflation is 1.0% lower than the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 10-year average
- 1.7%
- All-time high (2008)
- 4.5%
- All-time low (2009)
- -0.1%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +0.8 percentage point.
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- March: -1.7 percentage points
ECB Target
Inflation is 1.3% 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 €100.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 1.4% | -0.6 |
| February | 1.1% | -1.1 |
| March | 0.6% | -1.7 |
| April | 0.6% | -1.5 |
| May | 0.5% | -1.4 |
| June | 0.6% | -1.1 |
| July | 0.7% | -0.7 |
| August | 0.8% | -0.5 |
| September | 0.9% | +0.1 |
| October | 0.7% | +0.2 |
| November | 0.5% | +0.1 |
| December | 0.4% | -0.4 |
| Average | 0.7% |
Data source
Data from OECD. Last updated: 11/01/2026.