National Bank sees prices rise less quickly after the summer, but warns of high government debt

Who pays the price then? “The sharp increase in wage costs weighs on the competitiveness of companies”, warns the National Bank. Most countries do not have automatic indexation. So wages in Belgium rise sharply, but not or only later in neighboring countries. So companies there have more breathing room and that makes them more competitive.

Families are not completely excluded, because specific families, especially from the lower middle class, are affected. This often concerns people who earn “little”, but too much to be able to enjoy a social rate for energy, for example.

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