October inflation stood at 2.24 pc

26th November 2007, Comments 0 comments

October inflation stood at 2.24 pc

26 November 2007

BRUSSELS - Year on year inflation in Belgium was 2.24 percent in October. This is well up on the 1.51 percent figure for the year to September.

The rise puts the consumer price index close to the level needed to trigger Index-linked increases in wages and benefits.

However, this is likely to happen during December and Belgian benefit claimants and pensioners should be 2 percent better off from January 2008 with civil servants and other wage earners with index-linked salaries seeing their wages rise by 2 percent in February.

The 2008 Federal Budget had predicted that the increases would go through a month later and EUR 50 million extra will now have to be found.

[Copyright Flanders news 2007]

Subject: Belgian news

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