May 30, 2024 09:30 GMT
Headline HICP Stalls After Previous Upticks; Core Continues Downtrend
BELGIUM
Belgian HICP inflation stagnated in May at 4.9% Y/Y according to the preliminary estiamte after six consecutive months of acceleration.
- National CPI, for which more supplementary information is given in the preliminary estimate, also remained almost unchanged this month at 3.36% Y/Y (vs 3.37% prior). On a sequential measure, CPI printed at 0.37% M/M (vs 0.48% prior).
- Core CPI inflation meanwhile fell for the 12th consecutive month to 2.80% Y/Y in May (vs 3.26% in April).
- Statbel notes food, clothing, rents, travel, and restaurant/café categories as the main upside contributors to the headline rate. Downside contributions came from fuels and electricity, meanwhile.
- Specifically, food CPI inflation has accelerated for the first time since March 2023, Statbel notes, printing at +1.0% Y/Y (vs 0.25% prior), and contributing 0.21pp to the headline figure.
MNI, Statbel
Keep reading...Show less
142 words