Harmonised index of consumer prices - January 2024
Harmonised index of consumer prices - January 2024

Harmonised index of consumer prices - January 2024

  • Belgium's inflation rate based on the European harmonised index of consumer prices (HICP) was running at 1.5% in January compared to 0.5% in December and -0.8% in November.
  • Core inflation (inflation without energy and unprocessed food) stood at 5.0% in January compared to 5.5% in December.
  • The inflation rate based on the consumer price index (CPI) for January rose to 1.8% compared to 1.4% in December.
  • The sub-indices with the largest upward effect on inflation were clothing, restaurants and cafés, tobacco, private rent, meat and the maintenance and repair of motor vehicles.
  • Most of the downward pressure on inflation this month came from gas and electricity.
  • The harmonised index of consumer prices of January for the EU Member States will be published by Eurostat on 22 February.

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