Inflation at highest level in almost 40 years: why and what exactly does that mean for your wallet?

According to Rombaut, this is mainly due to rising energy prices. “Think of natural gas, electricity, heating oil, those prices have risen sharply in the past year. If we add the figures, we see that natural gas is now 150 percent more expensive than a year ago, electricity 70 percent and heating oil almost 50 percent.”

“In addition, prices continue to rise, and then it is not illogical that inflation will also rise. However, we are now talking about an exceptional figure. It has been since 1983, so about 42 years, that inflation has been so high he looks back. Then inflation was 7.9 percent.

But it’s not just energy prices that are driving inflation up, says Rombaut. “We can see that on the basis of core inflation. That is inflation without energy and fresh food. We see that it is also almost 3 percent.” According to Rombaut, we need to look at companies that pass on their more expensive raw materials and energy to their customers.

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