Inflation Rises to Highest Level in Three Years Due to Higher Fuel Prices
5 Articles
5 Articles
Inflation rises further this month to 4.69 percent, coming close to the 5 percent mark. Notably, the health index, on which wages are adjusted, remains stuck at 4 percent. “As a result, wages are rising less rapidly than the cost of living, and the average family is losing purchasing power,” says Professor of Labour Economics Stijn Baert (UGent).
The rise in energy prices continued to fuel inflation, which rose in Belgium from 3.97% in August to 4.69% in September, according to figures published on Tuesday by Statbel. ...
Key takeaways In September, the cost of living rose significantly: general inflation rose to 4.69 percent, compared to 3.97 percent in August and 3.56 percent in July. Energy costs The sharp increase was primarily caused by a rapid rise in energy costs, which jumped to 24.37 percent from 16.47 percent in the previous month. […]
BELGAIMAGE The rise in energy prices continued to fuel inflation, which rose in Belgium from 3.97% in August to 4.69% in September, according to figures published on Tuesday by Statbel.The main price increases recorded in September were fuel, natural gas, electricity, organized travel and heating oil. Conversely, airline tickets, meat, alcoholic and non-alcoholic beverages had a slow effect on the index. Energy inflation accelerated further last…
Due to the Iran war and the associated energy shock, the rate of inflation in our country has tripled since February, to nearly 5 percent now.
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