Belgian consumer price inflation continued to rise in May.
The consumer price index (CPI) rose 2.27% year-on-year in May, faster than 1.80% in the previous month, the National Institute of Statistics said Friday.
On a monthly basis, the CPI grew 0.40% in May, following a 0.35% rise in April. The increase was mainly driven by the higher prices of fruits, cut flowers, gasoline, diesel, travel abroad, potatoes, electricity and diesel fuel, the statistical office said.
Belgium’s economy improved in the first quarter. The GDP grew 1% on an annual basis, compared to 0.8% fall in the fourth quarter.
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