Belgium - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Belgium was 120.86 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 120.86 in 2021 and a minimum value of 15.60 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 15.60
1961 15.75
1962 15.97
1963 16.32
1964 17.00
1965 17.69
1966 18.42
1967 18.93
1968 19.44
1969 20.17
1970 20.96
1971 21.87
1972 23.06
1973 24.66
1974 27.79
1975 31.34
1976 34.18
1977 36.60
1978 38.24
1979 39.95
1980 42.61
1981 45.86
1982 49.86
1983 53.68
1984 57.08
1985 59.86
1986 60.64
1987 61.58
1988 62.29
1989 64.23
1990 66.44
1991 68.58
1992 70.24
1993 72.18
1994 73.89
1995 74.98
1996 76.54
1997 77.78
1998 78.52
1999 79.40
2000 81.42
2001 83.43
2002 84.80
2003 86.15
2004 87.96
2005 90.41
2006 92.03
2007 93.70
2008 97.91
2009 97.86
2010 100.00
2011 103.53
2012 106.47
2013 107.66
2014 108.02
2015 108.63
2016 110.77
2017 113.13
2018 115.45
2019 117.11
2020 117.98
2021 120.86

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices