Average inflation measured by CPI reached 1.79 % in 2020 in Belgium, according to the National Statistical Office. This is 12,372 % more than in the previous year.
Historically, average inflation measured by CPI in Belgium reached an all time high of 1.79 % in 2020 and an all time low of < -0.001 % in 2009. When compared to Belgium's main peers, average inflation measured by CPI in France amounted to 1.75 %, 2.08 % in Germany, 1.89 % in Luxembourg and 1.84 % in Netherlands in 2020.
Belgium has been ranked 156th within the group of 173 countries we follow in terms of average inflation measured by CPI, 30 places behind the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.