The pivot index for social benefits and wages in the public sector was reached in February 2020. “According to our monthly health index forecasts, the next overtaking of the pivot index (which currently stands at 109, 34) by the smoothed health index should occur in August 2021 ”, we can read on the website of the Federal Planning Bureau.
“Consequently, social benefits and salaries in the civil service would be adapted to the cost of living, in other words increased by 2%, in September 2021 and October 2021 respectively”.
Based on these monthly forecasts, the annual inflation rate is expected to rise to 0.8% in 2020 and 1.4% in 2021, compared to 1.44% in 2019 and 2.05% in 2018. The increase in the “health index”, which is used among other things to calculate the indexation of wages, social benefits and rents, would be 1.1% in 2020 and 1.3% in 2021, against 1.47% in 2019 and 1.77% in 2018.
Note that the inflation forecasts from September 2020 to December 2021 established by the Federal Planning Bureau are based on observations by the FPS Economy until August 2020.