EU country hit by worst inflation since 1970s ...News

Consumer prices in Belgium have accelerated to nearly 10% Inflation in Belgium jumped to 9.94% in August, just short of the 1976 record of 9.96%, data from the country’s Statbel statistics agency showed on Tuesday. Analysts largely attribute the spike to a surge in energy prices, which accounts for roughly half of the total inflation. “Energy inflation is now running at 49.81%, compared to 49.11% last month and 55.99% in June. Electricity is now 57.2% more expensive than a year ago. Natural gas is 106.9% more expensive than in August last year. The price of domestic heating oil, calculated based on a smoothed 12-

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EU country hit by worst inflation since 1970s ...News

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