Belgium: Harmonized inflation declines to lowest level since September in December
Latest reading: Harmonized inflation fell to 4.4% in December, down from November’s 4.8%. December’s figure marked the weakest inflation rate since September. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a slower rate in December. In contrast, prices for transportation rebounded.
The trend pointed up, with annual average harmonized inflation coming in at 4.3% in December (November: 4.0%). Meanwhile, consumer price inflation was stable, coming in at November’s 3.2% in December.
Lastly, harmonized consumer prices increased 0.75% in December over the previous month, picking up from the 0.17% rise recorded in November. December’s result marked the highest reading since August.