Inflation Rate Trends and Forecast for Belgium from 1990 to 2029

Belgium maintained relatively low inflation in the 1990s, averaging around 2-3%, aided by sound fiscal policies and European integration efforts. A significant spike occurred in 2008, with inflation hitting 4.5%, driven by the global financial crisis. Inflation plunged to 0% in 2009 as recessionary pressures dampened demand.

Recent years saw inflation reach 10.3% in 2022, influenced by the energy crisis and supply chain issues. As these pressures ease, forecasts predict stabilization at 2% by 2029, aligning with the European Central Bank's targets, reflecting a return to economic normalcy.