Inflation rises to 3.74 per cent, highest level in 10 months

Inflation in Belgium reached 3.74 per cent in June, up from 3.36 per cent in May, the Belgian statistics office Statbel reported on Thursday. This is the highest inflation rate since August last year, when inflation stood at 4.09 per cent.

Food inflation, including alcoholic beverages, fell to 0.31 per cent, compared with 1 per cent in May. Only last month, food inflation had risen for the first time since March 2023.

Energy inflation, on the other hand, rose from 11.17 per cent in May to 15.10 per cent in June. It was 9.19 percent in April. The price of natural gas rose by 6 per cent in June compared with the previous month. The price of electricity rose by an average of 3.4 per cent this month, Statbel reports.

The main price increases in June were for natural gas, electricity, telecommunications packages, sugar products, restaurants and bars, bread and cereals, domestic package holidays, household appliances and repairs, clothing and hotel rooms. The prices of motor fuels, fruit, alcoholic beverages and seafood dropped.

Core inflation, which excludes the price of energy and unprocessed food, also rose. It was 2.97 percent in June, up from 2.8 percent in May.



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