Inflation in Belgium eased slightly in November, but prices are still 10.6% higher than a year earlier. This is partly due to much higher energy prices, but the war in Ukraine also has an impact on the prices of oil and grain products.
Inflation was still at 12.3% in October, reports the Belgian statistics agency Statbel. The fact that inflation is decreasing slightly is due to the slightly lower prices of fuel, gas and electricity.
Inflation excluding energy costs rose to 7.8%. In October it was still 6.97%. Food even became 14.4% more expensive. Oils, fish and grain products in particular are much more expensive than a year earlier.
For example, oils like frying oil cost 41% more than they did a year ago. Flour and other grains increased by 34%. In addition, dairy products cost 21% more and bread 17%.
Spanish inflation at lowest level since Russian invasion in February
Price increases in Spain were also less intense than last month, it was found on Tuesday. There, according to the Spanish statistical agency INE, consumer prices rose by 6.8%, compared to 7.3% in October.
For the Spaniards, it marked the lowest inflation since the start of the Russian invasion of Ukraine. This has largely contributed to rising energy and food prices around the world.
On Wednesday morning it will be announced how fast prices have risen in the Netherlands and in the entire eurozone. Christine Lagarde, president of the European Central Bank, warned earlier this week that inflation is unlikely to have peaked yet.
