Belgian

In June, inflation in our country peaked at 3.74 percent. Last month there was already a small reduction to 3.64 percent, but this month’s reduction is much greater. Inflation is now at 2.86 percent. The European Central Bank is targeting an inflation rate of around 2 percent.

The low food inflation is particularly striking. This fell to 0.04 percent this month, compared to 0.54 percent last month. Right now food is hardly more expensive than it was 1 year ago. In March this year, food inflation peaked at 17 percent.

The health index – which is used, among other things, in calculating the wage index, social benefits and rent – fell from 3.60 percent to 3.20 percent.

The most significant price increases in August were for tobacco, private rentals, non-alcoholic beverages, hotel rooms, clothing and restaurants and cafes. On the other hand, motor fuel, household appliances, flowers and plants, vegetables and natural gas became cheaper this month, said Statbel.

Residents of Brussels who’re nonetheless making use of for the Renolution worth, the value that enables them to recuperate a part of the prices for the renovation and power saving work, should wait at the very least till January 1, 2025.

The price range for 2024 has been used, the outgoing Brussels authorities introduced earlier this week. Brussels residents who nonetheless have a job in thoughts won’t be able to submit new purposes from mid-August.

Within the meantime, the Brussels Area nonetheless doesn’t have a brand new authorities after the June 9 elections, and its formation could be very tough. The Embuild Development Alliance is worried. “There are a number of indications from potential negotiators that the system could be reviewed,” he stated.

“Individuals rely on these costs of their monetary plan. That is an issue for householders, but in addition for the contractors who need to do the work,” says Jean-Christophe Vanderhaegen from Embuild.