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Belgium inflation is +5.6 percent y/y, food prices are almost +25 percent

Eating of Belgian fried potatos chips with ketchup and mayonnaise, street fast food, unhealthy food

Prices in April are 5.6 percent higher than a year earlier. This is a lower inflation rate than in February and March. However, food prices continue to rise sharply in Belgium.

Inflation was still at 6.7 and 6.6 percent in March and February. But the figure has dropped to its lowest level since November 2021 this month. In October last year, inflation peaked at 12.3 percent. In particular, the fall in energy prices has led to lower inflation.

But food prices are still rising sharply. According to Statistics Agency Statbel, food and drink in April is more than 16.6 percent more expensive than a year earlier. For example, dairy products and oil and fats cost a good quarter more than in April 2022.

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