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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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