Consumption: why inflation should finally fall

  • Post category:Economy News
  • Reading time:3 mins read

Over the last twelve months, consumer prices have soared by an average of 12.27%. The action of the central banks and the decline in a series of costs, however, point to an imminent fall in inflation.

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Journalist in the Economy department

Reading time: 3 mins

PThe more time passes, the more inflation breaks records. It is the same trying refrain that emerges from the consumer price index for this month of October published this Friday by Statbel. The Belgian statistics office reports an increase in the household basket tariff of 12.27% compared to October 2021, i.e. the highest inflation rate since June 1975. Unsurprisingly, these are still the tariffs energy (+63.03% in 12 months, with an increase of 130.6% for gas and 84.7% for electricity) which pull the total upwards. They contribute 5.95 points. Contaminated by runaway gas and electricity prices, food products have risen by 12.3% in one year. They thus slightly exceed general inflation and contribute 2.37 points to it.

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