Free Trial

Headline Uptick But Core Continues Downtrend

BELGIUM

Belgian January CPI inflation came in at 1.75% Y/Y (vs 1.35% prior). However, core inflation declined for the eighth month in a row and came in at 4.7% (vs 5.5% prior). The estimate of HICP was +1.5%Y/Y, up from +0.5%Y/Y in December.

  • Price increases could be observed particularly in the dairy products, domestic services, bread and cereals, alcoholic beverages, and rents categories, according to the Belgian statistics office.
  • On the other hand, natural gas, fuels, plane tickets, electricity and hotel rooms saw deflationary developments.
  • Belgium represented 4% of the Eurozone HICP basket in 2023. Information on 2024 Eurozone weighting data will be distributed as part of the Eurozone HICP release on Thursday.

To read the full story

Close

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.