Inflation Belgium 2022
Average inflation: 9.6%
Current Inflation
Inflation is very high at 9.6%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 12.3%. The lowest inflation was in January at 7.6%.
- Highest month
- October: 12.3%
- Lowest month
- January: 7.6%
- Difference
- 4.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 25.5%. The lowest price increase was in Communication with an average of 0.3%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 25.5%
- Lowest increase
- Communication: 0.3%
Historical Context
Current inflation is 6.3% higher than the 5-year average of 3.3%. This approaches the highest level since records began (9.6% in 2022).
- 5-year average
- 3.3%
- 10-year average
- 2.3%
- All-time high (2022)
- 9.6%
- All-time low (2009)
- -0.1%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +7.1 percentage point.
- Change vs. previous year
- +7.1 percentage points
- Largest monthly swing
- September: +8.4 percentage points
ECB Target
Inflation is 7.6% 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 €109.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 7.6% | +7.3 |
| February | 8.0% | +7.5 |
| March | 8.3% | +7.4 |
| April | 8.3% | +7.1 |
| May | 9.0% | +7.5 |
| June | 9.6% | +8.0 |
| July | 9.6% | +7.3 |
| August | 9.9% | +7.2 |
| September | 11.3% | +8.4 |
| October | 12.3% | +8.1 |
| November | 10.6% | +5.0 |
| December | 10.4% | +4.7 |
| Average | 9.6% |
Data source
Data from OECD. Last updated: 11/01/2026.