Belgian consumer inflation at highest in 24 years

31st July 2008, Comments 0 comments

Consumer inflation rate for July has accelerated to 5.91 percent.

31 July 2008

BELGIUM - The consumer inflation rate has accelerated to 5.91 percent on yearly basis in July, bringing consumer inflation to its highest since 1984.

The inflation rate on monthly basis was at 0.53 percent in July.

Statistics supplied by the Federal Economy Department show that life has become almost 13 percent more expensive over the past four years.

Soaring energy prices are the main contributory factor to the high inflation rates.

Apart from natural gas, a number of other things have become a lot more expensive over the past few weeks, including fruit, potatoes and fire insurance policies.

Some things have become cheaper, like mobile phone bills and flowers.

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