March Inflation in Belgium: Identifying Products with Price Increases and Decreases


March Inflation in Belgium: Identifying Products with Price Increases and Decreases

In our country, inflation remained stable at 3.18 percent in March, according to data from the Federal Economy Service. This is almost the same as February, which stood at 3.2 percent, and a significant increase from January’s 1.75 percent. Prices of fresh seafood and olive oil rose by more than 44 and 31 percent respectively compared to March last year. On the other hand, electricity, tea, and different types of milk saw a decrease in prices, with whole milk dropping by more than 12 percent and tea by 13.4 percent.

Interestingly, cocoa and powdered chocolate became cheaper by more than 8 percent in March compared to a year earlier, despite cocoa reaching record prices on international markets. This might not be immediately reflected in store prices, but consumers may eventually feel the impact.

Food inflation has been decreasing for twelve consecutive months, with prices now 3.21 percent higher than last year. Overall, the inflation rate in our country has remained relatively stable over the past few months, with some fluctuations in specific product prices.

Leave a Reply