Prices are going down in Belgium

Prices are going down in Belgium

29th September 2014, Comments 1 comment

The Belgian economy is now experiencing negative inflation for the first time since the noughties.

In September inflation dipped from 0.02 percent in August to -0.12 percent this month.

This means that Belgian goods and services are getting cheaper in the shops.

The figures come from the Belgian Economy Ministry. Belgium's economy is now in a state of deflation for the first time since 2009.

Energy and food prices are all down.

There are major concerns that deflation will be detrimental to the long-awaited economic recovery.

As consumers expect further price falls they put off big purchases damaging economic growth.

 

Flandersnews.be / Expatica

1 Comment To This Article

  • A. Cameron posted:

    on 30th September 2014, 12:36:12 - Reply

    You obviously haven't been to my local Delhaize!