Consumer Price Index: 30 03 17

  • Inflation in March has gone down from 2.97% to 2.28%.
  • This decrease is mainly due to the fact that the effect of the increased tax on energy, which was introduced in the Flemish Region in March 2016, has faded away and to the decline in inflation for fruit and vegetables.
  • The consumer price index this month has increased by 0.24 points or 0.23%.
  • Inflation based on the health index has declined from 2.47% to 1.79%.
  • The main upward pressure in March came from fruit, electricity, bundled telecommunication services, domestic heating oil and restaurants and cafés. However, especially package holidays in Belgium, vegetables, motor fuels, flowers and plants and holiday villages had a decreasing effect on the index.

 
 

 Annual update of the consumer price index in 2017

  • Update of the consumer price index in 2017 based on a unanimous opinion of the Index Commission, approved by the Minister of Economy.
  • Further increase in the use of supermarket scanner data in the index calculation: from 70 product groups in 2016 to 73 product groups in 2017, representing 23% of the weight of the basket.
  • The index basket has been adjusted: 8 new products have been added to the basket and 2 products have been merged into 1 product. The total for 2017 amounts to 663 goods and services compared to 656 in 2016.
  • The weights in the index basket, which are based on the household budget survey 2014, have been updated to 2016 in order to reflect the current pattern of expenditure of consumers.

 

Press release type:Conjoncture , Consumerprices , Statistics press releases
date: 30 March 2017