Belgium: Harmonized inflation falls to near two-year low in June
Harmonized inflation came in at 1.6% in June, which was down from May’s 2.7%. June’s reading represented the lowest inflation rate since July 2021. The decline was broad-based, with reduced inflation recorded for food and non-alcoholic beverages and lower prices for transportation and housing and utilities.
In addition, the trend pointed down, with annual average harmonized inflation coming in at 7.6% in June (May: 8.3%). Meanwhile, consumer price inflation fell to 4.2% in June, from the previous month’s 5.2%.
Finally, harmonized consumer prices dropped 0.10% from the previous month in June, contrasting the 0.21% rise logged in May.