Inflation in 2020: energy prices lower than in 2019
0.74%: this was the average annual inflation rate for 2020 in Belgium, according to a statement from Statbel. This therefore means that consumer prices have increased very little this year. In comparison, this rate was 1.47% in 2019, almost twice as high as in 2020.
The cause of this low inflation is, not surprisingly, linked to the health crisis that brought the whole world to a standstill last March. The energy sector, in particular, has been hit hard.
What will 2021 hold in store for us? Should we expect prices to rise as the economy recovers?
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More expensive food, but plummeting energy prices
