🇧🇪Belgium inflation rate
released 19 Aug 2026 · data through July 2026 · next release expected 31 Aug 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 3.6% as of July 2026. That is 1.6 percentage points above the ECB's 2% target, and 0.6 points above the eurozone average of 3.0%.
The breakdown shows core (excluding energy and food) at 3.2%, energy at 15.1%, food at 0.9% and services at 4.1%. The strongest pressure is in energy (15.1%), while food is the softest (0.9%).
Month on month the headline rose from 3.3% to 3.6%, extending the climb.
Belgium ranks number 7 of 30 European economies by annual inflation, from highest to lowest, between Spain and Croatia.
Belgium's harmonised inflation is 3.6% as of July 2026 — abovethe European Central Bank's 2% target by 1.6 percentage points.
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 3.6% as of July 2026.
- Is Belgium's inflation above or below the ECB's 2% target?
- At 3.6%, it is 1.6 percentage points above the European Central Bank's 2% target.
- How does Belgium's inflation compare with the rest of Europe?
- Belgium ranks number 7 of 30 European economies by inflation, 0.6 points above the eurozone average of 3.0%.
- Did Belgium's inflation rise or fall last month?
- Month on month, the headline rate rose from 3.3% to 3.6% in July 2026.