Food inflation ever closer to zero

Food inflation ever closer to zero
Food inflation ever closer to zero

After a peak peaking at 20.3% in March 2023, food inflation gradually slowed to reach 1.5% last April, according to the harmonized consumer price index (HICP) used European scale.

Inflation according to the harmonized consumer price index (HICP) reached 4.9% in April, compared to 3.8% in March and 3.6% in February, the office announced on Wednesday. Belgian statistics Statbel. As for underlying inflation, which does not take into account changes in the prices of energy products and unprocessed food products, it rose to 3.7% in April compared to 3.9% in March. . The sub-indexes which had the greatest positive impact on inflation were natural gas, tobacco, domestic fuel oil and vehicle repairs/maintenances, while dairy products, bread and cereals, purchases of vehicles, electricity, furniture, fuel, clothing and household appliances were the sub-indexes with the greatest negative impact.

Regarding food inflation specifically, it rose to 1.5% in April compared to 1.8% the previous month. This inflation began to increase sharply from spring 2022 to reach a peak of 20.3% in March 2023, before gradually declining since then. In detail, inflation for oils was, for example, 1.8% last month (31.3% in March 2023), that for dairy products was negative at -1.5% (31% in March 2023). ), that of fish by 0.5% (17.2% in March 2023), that of bread and cereals by 1.6% (22% in March 2023) or that of meat by 3.3% (16 .8% in March 2023).

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