Prices are going down in Belgium
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