Inflation up for the first time in 8 months

24th December 2009, Comments 0 comments

The inflation rate has risen slightly, for the first time in 8 months. Life in Belgium has become 0.26 percent more expensive in the month of December.

The average inflation for the whole year is still slightly negative, says Economy Minister Vincent Van Quickenborne (Flemish liberal).

The slight rise in the consumer price index for December is mainly due to higher prices for trips abroad, stays in holiday resorts, natural gas and electricity. On the other hand, domestic fuel oil, petrol, diesel and fresh fruit became cheaper.

People travelling abroad had to pay 4.5 percent more in December. Renting a holiday home abroad became 25 percent more expensive, after a fall in November.

The inflation rate for the whole of 2009 is still slightly negative: -0.04 percent. The 2008 consumer prices index rose to 4.49 percent.

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