What is Belgium's current inflation rate?

Belgium's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 4.6% as of September 2026 This is a flash estimate and may be revised at the final release..

Is Belgium's inflation above or below the ECB's 2% target?

At 4.6%, it is 2.6 percentage points above the European Central Bank's 2% target.

How does Belgium's inflation compare with the rest of Europe?

Belgium ranks number 9 of 30 European economies by inflation, 0.8 points above the eurozone average of 3.8%.

Did Belgium's inflation rise or fall last month?

Month on month, the headline rate rose from 4.2% to 4.6% in September 2026.

🇧🇪Belgium inflation rate

released 2 Oct 2026 · data through September 2026 · flash estimate · next release expected 17 Oct 2026

Belgium joined the euro at its launch in 1999. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 4.6% as of September 2026. That is 2.6 percentage points above the ECB's 2% target, and 0.8 points above the eurozone average of 3.8%.

The breakdown shows core (excluding energy and food) at 2.8%, energy at 30.5%, food at 0.6% and services at 3.5%. The strongest pressure is in energy (30.5%), while food is the softest (0.6%).

Month on month the headline rose from 4.2% to 4.6%, extending the climb.

Belgium ranks number 9 of 30 European economies by annual inflation, from highest to lowest, between Spain and Croatia.

Harmonised inflation (HICP) · annual rate

4.6%

vs 2% target

+2.6 pp

Harmonised inflation (HICP) is 4.6% as of September 2026 — that is 2.6 percentage points above the ECB's 2% target.

core (excluding energy and food)

2.8%

▼ 0.3 pp vs prev

energy

30.5%

▲ 8.6 pp vs prev

food

0.6%

▼ 0.3 pp vs prev

services

3.5%

▼ 0.2 pp vs prev

Belgium — annual HICP inflation rate, last 10 years

Source: Eurostat (HICP) · data through September 2026 · modifications: none

Compare with the rest of Europe on the European inflation ranking →

Frequently asked questions

What is Belgium's current inflation rate?: Belgium's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 4.6% as of September 2026 This is a flash estimate and may be revised at the final release..
Is Belgium's inflation above or below the ECB's 2% target?: At 4.6%, it is 2.6 percentage points above the European Central Bank's 2% target.
How does Belgium's inflation compare with the rest of Europe?: Belgium ranks number 9 of 30 European economies by inflation, 0.8 points above the eurozone average of 3.8%.
Did Belgium's inflation rise or fall last month?: Month on month, the headline rate rose from 4.2% to 4.6% in September 2026.

🇧🇪Belgium inflation rate

Frequently asked questions

Belgium — more indicators