Inflation forecast of 5.3% for 2023
-
Loading... - Endre Molnar
- 16 Jan 2023
- 60 Views
- 0 Like
- 0 Comment
The Federal Planning Bureau has published its latest forecast for inflation in Belgium. The forecast that was released on Tuesday afternoon predicts an annual inflation rate of 5.3% in 2023. The trigger index that once exceeded sees benefits, pensions and public sector salaries increase by 2% will only be exceeded once this year, in April.
2022 saw inflation reach levels not seen for decades. The year ended with an annual inflation rate of 9.25%. This year the rate at which prices will increase will slow and by the end of the year annual inflation will have fallen to 5.3%.
The trigger index that was last exceeded in November 2022 will be exceeded next in April this year. This means that pensions and benefits will rise by 2% in May and public sector salaries by the same rate in June. The Federal Planning Bureau forecasts that that the trigger index will not be exceeded again during the rest of the year.
The Federal Planning Bureau’s forecasts are based on data from the Federal Bureau of Statistics Statbel from the period up to and including December 2022. Read More…
